Steve Wynn fined $10 million over sexual misconduct allegations


Steve Wynn fined $10 million over sexual misconduct allegations

Wednesday, 31 Jul, 2023 0

Casino billionaire Steve Wynn has finally ended his involvement in the industry after agreeing to a $10 million fine.

It  stipulates he must cut ties to the gambling industry.

Wynn resigned as the chief of Wynn Resorts in 2018 over sexual misconduct allegations.

Ever since he and the company have been in a legal fight with the Nevada Gaming Commission.

Wynn, now 81, ‘looks forward to moving on to other phases of his life,’ his attorney said.

Wynn Resorts Ltd paid a $20 million fine in 2019 for failing to investigate the accusations.

The Commission opened its own months-long investigation and found ‘evidence of sexual conduct involving some subordinate female employees.’

Under the settlement terms, Wynn hasn’t been forced to admit any wrongdoing.

A one-time Las Vegas strip legend, Wynn can own up to 5% of a casino company, but cannot have any direct or indirect involvement in its running.

The sexual misconduct scandal has cost Wynn and the company $65 million in fines in Vegas and Massachusetts.

 

Read Full Story


Related News Stories:  



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari