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Wynn Resorts keeps Massachusetts gaming license with $35 million fine
Source: Reuters
BUSINESS NEWS APRIL 30, 2019 / 7:38 PM / UPDATED AN HOUR AGO
Wynn Resorts keeps Massachusetts gaming license with $35 million fine
(Reuters) - Massachusetts gaming regulators on Tuesday fined Wynn Resorts Ltd $35 million for not disclosing sexual misconduct allegations against founder and former CEO Steve Wynn but allowed the casino operator to keep the license for its new $2.6 billion casino near Boston due to open in June.
The commission said it was “profoundly disturbed” by “repeated systemic failures and pervasive culture of non-disclosure” at the company.
The decision follows the commission’s investigative report earlier in April that concluded that former executives of Wynn Resorts concealed sexual misconduct allegations against billionaire founder Wynn.
Brian Kelly, Wynn’s lawyer, had said at the time that his client “denies all allegations of non-consensual sex and nothing in this report changes that.”
The Massachusetts Gaming Commission released its decision after a year-long investigation and three-day hearing into allegations of sexual assault, misconduct and other inappropriate behavior and how Wynn Resorts handled them.
-snip-
Wynn Resorts keeps Massachusetts gaming license with $35 million fine
(Reuters) - Massachusetts gaming regulators on Tuesday fined Wynn Resorts Ltd $35 million for not disclosing sexual misconduct allegations against founder and former CEO Steve Wynn but allowed the casino operator to keep the license for its new $2.6 billion casino near Boston due to open in June.
The commission said it was “profoundly disturbed” by “repeated systemic failures and pervasive culture of non-disclosure” at the company.
The decision follows the commission’s investigative report earlier in April that concluded that former executives of Wynn Resorts concealed sexual misconduct allegations against billionaire founder Wynn.
Brian Kelly, Wynn’s lawyer, had said at the time that his client “denies all allegations of non-consensual sex and nothing in this report changes that.”
The Massachusetts Gaming Commission released its decision after a year-long investigation and three-day hearing into allegations of sexual assault, misconduct and other inappropriate behavior and how Wynn Resorts handled them.
-snip-
Read more: https://www.reuters.com/article/us-wynn-resorts-massachusetts/wynn-resorts-keeps-massachusetts-gaming-license-with-35-million-fine-idUSKCN1S62UY