sugardaddy Posted July 20, 2023 Report Share Posted July 20, 2023 Steve Wynn to pay a $10M fine to settle a 4-year-old complaint with Nevada gaming regulators Disgraced gaming executive Steve Wynn will pay a fine of $10 million and will agree to never again have any involvement in Nevada’s gaming industry, according to a settlement document filed Wednesday with the Gaming Control Board. If the Nevada Gaming Commission signs off on the settlement, possibly as soon as next week, it will end the four-year legal dispute between state gaming regulators and Wynn. The control board filed a five-count complaint against Wynn in October 2019, seeking to deem him unsuitable to hold a gaming license over allegations of sexual abuse and misconduct against female employees during his time as chairman and CEO of Wynn Resorts. Under the terms of the settlement, Wynn will agree to never serve as an officer or executive with a Nevada gaming company but will not be precluded from having “passive ownership” of less than 5 percent of any licensed gaming company. Wynn signed the agreement Monday. Control Board Chairman Kirk Hendrick declined to comment on the settlement agreement until the after commission makes its ruling. Hendrick and board member George Assad signed the settlement but member Brittnie Watkins was recused from the matter because a law firm where she worked before joining the board represented Wynn. read the rest of the story here: https://thenevadaindependent.com/article/steve-wynn-to-pay-a-10m-fine-to-settle-a-4-year-old-complaint-with-nevada-gaming-regulators Quote Link to comment Share on other sites More sharing options...
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