Skip to main content

Wynn Resort Get $35M Fine but Keep License

Recently updated on May 2nd, 2019

Wynn Resorts were dealt a huge blow when the Massachusetts Gaming Commission (MGC) handed them a $35 million fine earlier this week. The fine was a result of an investigation into Wynn Resort’s executive members as to whether they were aware of the former CEO and founder of the casino, Steve Wynn’s alleged sexual misconduct. The ruling found that the executives were indeed aware of the allegations during their bid for the Boston gambling license in 2013. In the grand scheme of things, they can consider themselves lucky to still retain the license to operate their multibillion-dollar casino, Encore Boston Harbor.

Wynn Resorts Get $35M Fine but Keep License

Wynn Resorts Woes Continue

Steve Wynn has left the reputation of Wynn Resorts in tatters after a string of negative press over the years. This prompted the billionaire to resign in February 2018, succeeded by his protégé Matt Maddox. The regulator conducted a 15-month long investigation into Wynn Resorts and the founder. This happened after several claims of improper conduct and sexual misconduct that started in 2007. In the process, there have been fines levied at both parties and the most recent investigation would look into whether the resort was fit to hold the gambling license.

Massachusetts Gaming Commission Report on Wynn Resort

While Steve Wynn still remains adamant that he is not guilty of any wrongdoing, these latest findings do very little to further his cause. The MGC’s investigation was more concerned with how long Wynn Resorts executives knew about the allegations and their subsequent response to the matter. The resolution by the regulator does not render Steve guilty of the claims. In addition, this is the largest fine imposed by the casino regulator in history, as it hopes to deter similar conduct in the future.

For more of the latest news on casino gambling, keep it locked to www.newzealandcasinos.



Related Posts

50% of English Premier League Clubs Will Be Sponsored by Betting Operators in 2020

Recently updated on July 22nd, 2019Although there has been much conflict over the increasing presence of the gambling sponsors in the English Premier League, it has been confirmed that half of the teams competing in the league will have a gambling-related shirt sponsor in the upcoming season. The news comes with the announcement that shirt […]

Best Casino Payment Methods New Zealand

Recently updated on May 15th, 2019Payment methods for online casinos are plenty and give the punter enough leeway to choose a payment method that suits them. Internet casinos in New Zealand are no different. In most cases, these methods differ in certain ways such as the speed of the transaction. It all falls into the […]

Sky Bet Bought by Stars Group

Sky Betting & Gaming Bought by Stars Group – NZ News

Recently updated on April 24th, 2018Sky Betting and Gaming (SBG) has just been bought by a Canadian gaming firm, the Stars Group. The US$4.7 billion (NZ$6.6 billion) will see the Stars Group become one of the largest publicly traded gaming firms in the world. Sky Bet’s offerings will form part of a now stuffed brand […]

New Japanese Gambling Regulations Considered

Japanese Gambling Laws Forthcoming 2018

Recently updated on February 19th, 2018Despite major setbacks of a political nature, more Japanese gambling addiction laws are expected to be approved next month. One new proposal aims to limit casino visits allowed for Japanese citizens to just ten a month. This measure is expected to curb further gambling addiction cases in the country. However, […]

Aussie Man Misses Lottoland Jackpot Due to Time Zone Error

Lottoland has time zone error, voiding jackpot for Aussie man

Recently updated on March 28th, 2019An Australian man has missed out on a NZ$73 million jackpot due to a time zone error. The man was betting on the US Mega Millions Lottery jackpot through Lottoland. It looked like he had hit the jackpot and was set to win a life-changing amount of money. However, due […]