The Republican National Committee is poised to name President Donald Trump's former rival as the next finance chair for the party.

Billionaire casino mogul Steve Wynn was selected to lead the GOP fundraising operation into the 2018 midterm election at a meeting of RNC officials over the weekend, sources with knowledge of the meeting told LifeZette.

Wynn's selection to lead the RNC's finance operation is another testament to the new president's ability to put old grudges to rest.

Identifying priority 2018 midterm contests and discussing candidate recruitment were also on the agenda for the meeting of party officials, according to the sources.

Wynn is a loyal Trump partisan and friend, booting designer Tom Ford's products from his casinos after Ford made disrespectful comments about first lady Melania Trump.