The founder and former owner of the Wynn Company, whose vision and energy and money built the Encore Boston Harbor Hotel and Casino is being banned from owning a casino license in Nevada by the Nevada Gaming Commission.
Although Wynn Company was fined $35 million before they opened their doors here in June, Steve Wynn’s status was not determined in a legal way by the Massachusetts Gaming Commission except to note that he would not be allowed to be the licensee of the Encore facility and that his name could not appear on the facility identifying it.
The Nevada action now being taken comes as a result of a new spate of lawsuits against Wynn as well as a spate of older ones.
Wynn Resorts is nearing completion of its $2.6 billion casino here that is scheduled to open in June 2019 …. that is IF Wynn Resorts is found suitable to hold a gaming license in Massachusetts.
Starting this week, the Massachusetts Gaming Commission (MGC) will start to look at details of its investigation into sexual harassment actions and coverup of those actions by senior executives at Wynn.
The investigation was launched after a Wall Street Journal report detailed years of sexual harassment allegations at Wynn, mostly by its co-founder and CEO, Steve Wynn. Multi million dollar settlements with former female employees at Wynn and decades of inaction by senior staff led the Nevada Gaming Control Board to levy a fine of $20 million against Wynn, the largest ever in Nevada state gaming history.
The Massachusetts Gaming Commission decided to settle the lawsuit Steve Wynn has against them in the District Court of Nevada last week.
The new chair of the Gaming Commission, Attorney Cathy Judd-Stein, apparently led the private proceedings with her colleagues and fellow commissioners behind closed doors to a new conclusion – that
Wynn could not be beaten and so, a settlement must take place. The decision followed five hours of debate by the commission which is seeking to release its investigative report on Steve Wynn and Wynn Resorts in order to meet as to the company’s suitability to hold a license.
What the decision does is allow the report to be released but in a redacted fashion.
Wynn has contested the report and its findings claiming they are based on illegally used client–lawyer privileged materials.