Reportedly Knew About 7.5 Million Settlement
By Josh Resnek
Wynn Resorts/Encore’s chief lawyer Attorney Kim Sinatra announced last week she is stepping down from her multiple positions with the company. She will leave the company on July 15.
Her resignation has caused a shock wave in the industry as Sinatra was a key player for Wynn since 2006 as its chief lawyer and vice-president.
She received $14 million in compensation last year, according to the Wall Street Journal.
It has been revealed, Sinatra knew about a multi-million settlement between Steve Wynn and an employee who accused him of sexual misconduct.
Steve Wynn hired Sinatra in 2006.
She worked with Wynn closely as the company expanded.
More importantly, she failed to inform the Gaming Commission of the payout during suitability hearings that led to Wynn being awarded its gaming license for the Everett casino/hotel project.
Because of this, and because other revelations made public in a Wall Street Journal investigative report that led to Steve Wynn resigning from the company he founded, the Gaming Commission opened an investigation into the suitability of Wynn Resorts to hold the sole Eastern Massachusetts gaming license.
That license, it is believed, may well be oating away in the wind for Wynn Resorts, who is awaiting the outcome of a Gaming Commission investigation into its suitability.
Sinatra could not be reached for a comment.
The Gaming Commission is expected to release its report sometime during the summer and to make a decision about Wynn’s suitability to move forward with a gaming license.