Wynn Resorts Agrees to Settle Case Over Former CEO

This story was published more than 1 year ago.

Land casino group Wynn Resorts announced this week that they've agreed to a settlement with the Nevada Gaming Control Board regarding their handling of allegations of sexual impropriety by former CEO Steve Wynn.

The agreement will see Wynn Resorts paying a fine, although the amount hasn't been publicized as of press time. The agreement won't see anyone else losing their job though, and they won't have to give up their gaming license in the Silver State.

The company was under investigation after a story broke in January of last year that accused founder and CEO Steve Wynn of sexual misconduct with employees at the resort. The report alleged that a number of former executives at the company knew of the behavior but took no action to stop it. The report led to Wynn resigning as CEO and selling off his shares in the company.

Any agreement on the fine will have to be approved of by the Nevada Gaming Commission, who'll drop the full amount of the fine when they make their decision. Casino Listings News is following this story and we'll update readers as we learn more.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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7 February 2019 - 7:31pm
#1

I wonder why the company has to pay for the former CEO acts(not literally) 🙂 when instead he personally should be responsible for his own actions I think, not aware of the law for sure but that seems to be like a logical conclusion for me.