Wynn Resorts on Tuesday paid the $35 million fine imposed on it by the Massachusetts Gaming Commission and the $500,000 fine imposed on CEO Matt Maddox, while the commission opened bids for an independent monitor to keep an eye on Wynn Resorts for five years.
Despite the company’s “failures” in handling sexual misconduct allegations against founder Steve Wynn, the Massachusetts Gaming Commission will allow Wynn Resorts to keep the lucrative Boston-area casino license.
A month after holding hearings on the licensing suitability of Wynn Resorts, state gaming industry regulators are expected to give an update Wednesday on deliberations and possibly on the timing of its decision.
Connecticut’s two resort casinos experienced yet another month of declining slot machine revenues in March, bringing their losing streak to nine months. At the same time, the MGM Springfield casino saw a substantial increase in all types of gaming revenue.
Members of the state Gaming Commission have turned their attention to deciding whether Wynn Resorts remains suitable to hold the lone Boston-area resort casino license, despite claims the company has remade itself following Steve Wynn’s departure.
Pledging that the company has undergone a “transformation” since Steve Wynn left the last year while embroiled in sexual misconduct allegations, Wynn Resorts on Tuesday set out to convince the Massachusetts Gaming Commission that it remains suitable to hold the lucrative Boston-area casino license.
Wynn Resorts has taken laudable steps to transform a culture that allowed sexual misconduct complaints against its founder to remain hidden for decades, women’s rights advocates and business experts say.
As part of a compromise to have a lawsuit against it dismissed, the Massachusetts Gaming Commission agreed to exclude certain information its investigators gleaned about allegations involving former casino magnate Steve Wynn from its forthcoming investigative report and will return some of the documents it obtained.
Casino mogul Steve Wynn’s former company was fined a record $20 million by Nevada gambling regulators on Tuesday for failing to investigate claims of sexual misconduct made against him before he resigned a year ago.
A settlement is pending in casino mogul Steve Wynn’s lawsuit seeking to block the release of Massachusetts’ investigation into allegations of sexual assault against him.
Gaming regulators will meet privately Friday morning to discuss their defense against a lawsuit lodged by Steve Wynn. The meeting comes days after Wynn Resorts admitted that some former executives were aware of sexual misconduct allegations against its former CEO but did not investigate the claims.
Wynn Resorts Ltd.’s former CEO, Steve Wynn, may elect to sell all or a portion of his stake in the company, according to a regulatory filing dated Thursday.
Two years ago Banker & Tradesman ran an editorial entitled “Casual Sexism is Hurting Your Bottom Line.” Last year, Banker & Tradesman reran the editorial in its entirety, noting that, sadly, it was still relevant.
Steve Wynn, who dazzled Massachusetts officials in his successful pitch to snare the lone Greater Boston casino license in 2014, is stepping aside as CEO of Wynn Resorts amid allegations of serial sexual misconduct.
Steve Wynn is the latest powerful man to be caught up in the wave of sexual harassment allegations sweeping the nation.
Las Vegas billionaire Steve Wynn just hit a massive pothole in his long and bumpy road to opening a casino in Massachusetts.
Money, power and (a complete lack of) respect.
