Nevada Slams Wynn Resorts With $20 Million Fine

This week the Nevada Gaming Commission has laid down a huge $20 million fine to Wynn Resorts for failing to have oversight over former CEO Steve Wynn, who is accused of sexually harassing former employees.

The scandal caused Wynn to step down from his position of the company he founded and divest his shares, but has otherwise seen the mega-gaming firm continue on as usual. The decision will see Wynn able to keep their gaming license in the Silver State, and comes as two commissioners on the board wanted larger fines for the group.

Speaking about the decision Nevada Gaming Commission Commissioner Philip Pro noted: "It's not about one man. It's about a failure of a corporate culture to effectively govern itself as it should." He added that the commission acts as "guardians of the integrity of gambling" and that it has the responsibility to ensure that casino operators "don't do things that bring disrepute on the industry."

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sharpe's picture
Location: Sofia, Bulgaria
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27 February 2019 - 7:17pm

I'm not sure whether that's a fair decision or not but it seems to me that the fine could be huger or even Wynn could loose their from that perspective it seems they in fact should be...feeling lucky!?

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