With deals, acquisitions, buyouts and the dramatic launch of new resorts, Steve Wynn has left an oversized impression on the gaming industry in Las Vegas, the U.S. and as far away as Macau.
Steve Wynn Investigation
Some gaming industry sources talked about Steve Wynn’s resignation as if he had died.
Matthew Maddox, one of the longest-serving executives at Wynn Resorts, has replaced Steve Wynn as chief executive officer, capping a career rise from small-town Arkansas to leader of a global gaming giant.
Billionaire casino developer Steve Wynn, the founder of Wynn Resorts, has stepped down as CEO and chairman of Wynn Resorts amid investigations of sexual impropriety.
Representatives of UNLV say they’ll wait until the state Gaming Control Board has completed its investigation of Steve Wynn before determining whether they would take away honors bestowed upon him over the years.
A limited-liability company registered in Nevada in 2005 has become a part of the investigation into sexual harassment accusations against Wynn Resorts Chairman and CEO Steve Wynn.
Claims that Steve Wynn sexually harassed employees could have surfaced years ago but the Las Vegas Review-Journal in 1998 stopped publication of a story that would have brought the issue to light.
The special committee of Wynn Resorts Ltd. independent board members has hired a Los Angeles law firm with a special emphasis on workplace sexual harassment cases to assist in investigating allegations of sexual impropriety by Chairman and CEO Steve Wynn.
The $7.5 million settlement payment Wynn Resorts Chairman and CEO Steve Wynn paid to a former employee involved a paternity claim, Bloomberg News reported Friday.
The University of Pennsylvania announced Thursday that it will remove casino mogul Steve Wynn’s name from a campus plaza and revoke honorary degrees given to him and comedian Bill Cosby in the wake of sexual misconduct allegations against both men.
Shares of Wynn Resorts Ltd. rose modestly on Thursday, gaining $4.84 or nearly 3 percent to close at $170.43.
A settlement reached in a 2016 case involving sportsbook operator CG Technology could provide a roadmap for regulators as they work their way through investigating allegations that Wynn resorts chairman and CEO Steve Wynn demanded sexual favors from and assaulted female hotel employees over the last three decades.
Following sexual abuse allegations against casino magnate Steve Wynn, a Massachusetts Gaming Commission investigator said Wednesday information about a $7.5 million settlement was kept from state officials when they were reviewing the suitability of his company for a casino license in 2013.
Steve Wynn’s casino empire could be snapped up again by larger competitors if the billionaire is forced out of his company over sexual harassment allegations, Wall Street analysts say.
The University of Iowa has announced plans to remove casino developer Steve Wynn’s name from the school’s Institute for Vision Research in light of sexual misconduct allegations against Wynn.
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