Company: Wynn Resorts
Family Name: Wynn
Given Name: Steve
Profile: Before the collapse of his reputation in early 2018 over multple sexual assault allegations, Steve Wynn was regarded as a titan of the Las Vegas gaming industry, in which he had worked since 1967. Much later in his career, Wynn co-founded Wynn Resorts, whose IR developments in Las Vegas and Macau were regarded as some of the most innovative and well-designed.
Wynn Resorts has received a second lawsuit, this time from nine female employees, over the way it handled sexual harassment allegations against former Chairman and CEO Steve Wynn.
James Stern, the former executive vice-president of corporate security and investigations dismissed by Wynn Resorts in April, held a press conference in Tokyo in which he provided his views about the security needs of casinos in Japan once the first IRs open in the 2020s.
A Macau appeals court has upheld a ruling that sees Wynn Macau acquitted of a US$1 billion compensation claim made by Japanese gaming mogul Kazuo Okada.
The US$2.6 Billion Encore Boston Harbor hasn't even opened its doors yet, but it has emerged that Wynn Resorts—whose license was only quite recently confirmed by the Massachusetts Gaming Commission—is negotiating a possible sale of the facility to MGM Resorts.
Wynn Resorts has been fined US$35 million for not disclosing sexual misconduct allegations against founder and former CEO Steve Wynn by Massachusetts gaming regulators, but has been allowed to retain its license for Encore Boston Harbor in Everett, Massachusetts, which opens in June.
The embattled founder of Wynn Resorts, Steve Wynn, may soon find himself banned from entering the very properties he helped design should a proposal from Wynn Resorts come to fruition.
Wynn Resorts said Nevada regulators had confirmed its CEO Matt Maddox was “suitable” to hold his position after a lengthy investigation into the company following sexual misconduct allegations against founder Steve Wynn.
Regulators in Massachusetts say Wynn Resorts failed to follow its own procedures when handling sexual misconduct allegations against founder and former CEO Steve Wynn, and in some cases helped to conceal those accusations.
The Nevada Gaming Commission has fined Wynn Resorts the record amount of US$20 million for its inappropriate handling of sexual misconduct allegations against company co-founder Steve Wynn, who was forced the sever ties with the firm early last year.
US casino operator Wynn Resorts will be paying a settlement with the Nevada Gaming Control Board after an investigation found that former executives failed to investigate and act on allegations of sexual misconduct against founder Steve Wynn.
Mohegan Gaming & Entertainment has told an American newspaper that should the Massachusetts Gaming Commission find that Wynn Resorts is unfit for a license to open its US$2.5 billion Encore Boston Harbor casino complex, that they are ready to step in and buy the property.
Hopes that Wynn Resorts had fully moved on from the Steve Wynn era were dashed last Wednesday when the scandal-plagued former chairman and CEO sued the company that he had co-founded. Steve Wynn also sued the Massachusetts Gaming Commission.
Wynn Resorts says its board voted to appoint Philip G. Satre as chairman, taking over from D. Boone Wayson, who is retiring.
Galaxy Entertainment founder and Chairman Lui Che-Woo said his company has no plans to increase its 4.9 percent stake in Wynn Resorts, damping speculation it may have been planning a full takeover.
In her latest attempt to ‘freshen up’ the Wynn Resorts board, co-founder and majority shareholder Elaine Wynn is seeking support from shareholders to stop the re-election of one of its long-standing directors, John J. Hagenbuch.