Wynn Resorts to Settle Nevada Regulator’s Probe
Wynn Resorts to Settle Nevada Regulator’s Probe
Developing:
* Nevada Gaming Control Board Files Complaint Against Wynn Resorts
* At Least Four Wynn Resorts Executives Were Aware of Allegations That Steve Wynn ‘Raped’ and Impregnated a Manicurist, Didn’t Investigate Them -- Complaint
Developing:
* Nevada Gaming Control Board Files Complaint Against Wynn Resorts
* At Least Four Wynn Resorts Executives Were Aware of Allegations That Steve Wynn ‘Raped’ and Impregnated a Manicurist, Didn’t Investigate Them -- Complaint
* Steve Wynn Reached $7.5 Million Settlement With Manicurist in 2005, as Previously Reported by The Wall Street Journal
* Gaming Control Board Complaint Includes New Sexual-Misconduct Allegations Against Steve Wynn
* Steve Wynn in 2006 Allegedly Paid $975,000 Settlement to One Woman Over ‘Nonconsensual Sexual Relationship’ -- Complaint
* Other Allegations Against Steve Wynn Include Sexual Misconduct Toward Flight Attendants on Wynn Corporate Jets -- Complaint
* One Wynn Resorts Employee Allegedly Facilitated Sexual Relationships Between Steve Wynn and Cocktail Servers at His Casinos -- Complaint
* Wynn Resorts Acknowledges Most of the Allegations and Agrees to Pay Undetermined Fine -- Proposed Settlement
* Wynn Resorts’ Nevada License Won’t Be Affected -- Proposed Settlement
(Article below will update)
Wynn Resorts Ltd. would pay a fine but wouldn’t lose the ability to operate its Las Vegas casinos as part of a proposed settlement with a Nevada gambling regulator, which opened a probe into the company after a Wall Street Journal report detailed sexual-misconduct allegations against its founder, Steve Wynn.
Las Vegas-based Wynn reached the agreement with the Nevada Gaming Control Board, according to the proposed settlement the regulator released Monday.
The Nevada Gaming Commission, which oversees the gaming-control board, will consider whether to approve the settlement and will determine the size of the fine.
The proposed settlement, which was released publicly on Monday, said the gaming-control board won’t seek to revoke or limit Wynn’s regulatory licenses, a critical win for the company because losing the ability to operate in Las Vegas could have cost it significant revenue and profit.
Wynn Resorts also waived its right to a public hearing on the charges and allegations contained in the board’s complaint.
The board opened an investigation after a report in the Journal last year described allegations from employees that Mr. Wynn, the company’s former chairman and chief executive, had engaged in behavior that cumulatively would amount to a decadeslong pattern of sexual misconduct against women who worked at his casinos.
Mr. Wynn has previously called it preposterous that he would assault a woman. A lawyer for Mr. Wynn has previously said he “declined to participate in The Wall Street Journal’s reporting because it is clear that the Journal has no intention of treating him fairly.”
An attorney for Mr. Wynn couldn’t immediately be reached for comment on Monday.
A spokesman for the gaming-control board didn’t immediately respond to requests for comment.
Wynn Resorts and its related entities “fell short of their culture and commitment in perhaps one of the most important areas for an employer—focusing on its employees,” the company said in the proposed settlement.
The company also said in the proposed settlement that it had completed a series changes across the organization, such as naming a new chief executive and revamping its board of directors.
“We have undergone an extensive self-examination over the last 12 months, intended to reinvigorate and implement meaningful change across all levels of the organization, cultivate a safe, healthy and supportive workplace culture, and build on our core values of respecting our employees, corporate responsibility and citizenship, and service to the community,” Wynn Resorts said in a separate news release.
Write to Alexandra Berzon at alexandra.berzon@wsj.com and Micah Maidenberg at micah.maidenberg@wsj.com
you think Vegas going to get rid of that establishment