Wynn Resorts admits executives knew of sexual misconduct claims against founder Steve Wynn, agrees

[TexasTowelie]

Wynn Resorts admits executives knew of sexual misconduct claims against founder Steve Wynn, agrees to pay fine to Nevada regulators


Wynn Resorts has admitted to Nevada gaming regulators that top executives knew of sexual misconduct allegations against its founder and former CEO Steve Wynn -- and failed to report or investigate them.

The company, which is building its $2.6 billion Encore Boston Harbor gaming resort in Everett, acknowledged that it had failed to comply with Nevada gaming laws in a new settlement with the Nevada Gaming Control Board. The settlement includes an agreement by Wynn to pay an unspecified fine and a commitment by gaming regulators to not take action against current executives or the company’s gaming license.

News of the settlement comes as the Massachusetts Gaming Commission’s investigation of the company remains in legal limbo. Steve Wynn, who resigned from the company and gave up his ownership stake following an explosive Wall Street Journal report on sexual assault and harassment claims against him, has sued the Gaming Commission to prevent the public release of its investigative report.

In a statement, Wynn Resorts described the end of the Nevada investigation as an “important remedial step” and said that every employee identified by the Nevada Gaming Board as failing to investigate or report the allegations is no longer with the company.

Read more: https://www.masslive.com/news/2019/01/wynn-resorts-admits-executives-knew-of-sexual-misconduct-claims-against-founder-steve-wynn-agrees-to-pay-fine-to-nevada-regulators.html

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1. Obscene Amounts of Wealth has its Privileges