Home » Steve Wynn and the Massachusetts Gaming Commission Reach a Settlement
Steve Wynn and the Massachusetts Gaming Commission Reach a Settlement
Recently updated on February 23rd, 2019
There seems to be good news coming the way of former Wynn Resorts CEO, Steve Wynn. The Massachusetts Gaming Commission decided to settle the lawsuit filed last November against the casino magnate over alleged misconduct. 2018 was a turbulent year for the American billionaire, with numerous scandals that culminated in him stepping down as the CEO of the Boston-based casino. On Thursday, the MGC voted to settle the matter out of court following five-hour long meeting behind closed doors.
Steve Wynn’s Brush Ups with the Law in 2018
Steve Wynn could not get his name out of the tabloids the whole of last year with a string of unsavoury stories about his conduct. He was being investigated by MGC after two employees lodged a sexual misconduct complaint. In the same period, the regulator set its sights on the casino while he was still the CEO. The investigation was intended to discern whether the gambling firm had purposely withheld knowledge of the claims during the 2013 bidding for the Boston-area gaming license. Wynn was under intense scrutiny, and the casino went on to distance themselves from the founding member.
Massachusetts Gaming Commission Gives Reason for the Settlement
The settlement between Wynn and the commission is pending, as the mogul seeks to block the release of the report. While some items of the report have been made public already, the nitty gritty of it all is still undisclosed.
Steve Wynn’s representative, Massachusetts lawyer Brian Kelly, was upbeat about the vote, citing that the agreement “ensures that no privileged materials are improperly utilized”. While Wynn might be off the hook for the misconduct charge, the MGC will pursue the case against the casino. The investigation looks at whether Wynn Resort should hold a casino license after such misconduct.
While we wait for the verdict in the hearing, keep the dial locked on newzealandcasinos.com for the latest gambling news.
Recently updated on August 21st, 2019Gambling online has become more favored in New Zealand, according to reports. The people who have been against gambling said that the recent government has been concentrating on governing the industry. Not a lot of energy has been spent on providing people with the utmost protection against web-based gambling harm. […]
Recently updated on August 7th, 2018Most Kiwi players would expect to at least double their money with a Royal Flush side bet at a poker table. One lucky SkyCity player, however, turned NZ$35 into NZ$1.1 million with a progressive jackpot hand. The woman, who has chosen to remain anonymous, won on a single hand of […]
Recently updated on September 1st, 2021The easiest casino game to win is usually blackjack because you don’t have to follow any rules and bet what you want to. While it’s a learning curve, you can play it for free before using one of the bonuses we advertise. With up to $7500 on the line, we […]
Recently updated on April 13th, 2019New Zealand’s Advertising Standards Authority (ASA) will be introducing a new code for regulating gambling adverts across the country. In an effort to protect consumers, the latest introduction by the ASA aims to restrict the visibility of gambling-related adverts. It’s aim is to children, teenagers, and those with problem gambling […]
Recently updated on January 10th, 2019Members of Parliament and anti-gambling campaigns are filing complaints against British Airways. According to reports, the airline ‘popularised gambling’ in a new ad for ‘British Airways Holidays’. Aired on television, the ad featured a couple ‘easily winning on slot machines’. Complaints have already been filed with the advertising regulator. Just […]
