Steve Wynn will be banned from all Wynn Resorts properties, the company announced to Massachusetts regulators



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Wynn Resorts has proposed to ban founder Steve Wynn from any of his properties as part of his efforts to convince the commissioners that the company deserved to retain the casino license in eastern Massachusetts.

The company this week asked the Massachusetts Gaming Commission to review in its legal brief a number of additional remedies as commissioners decide the fate of the casino license, including banning Wynn's Resorts owned 100% by Wynn Resorts, with the exception of gambling license executives to have no contact with him and report any "inadvertent contact" to Massachusetts regulators within 10 days.

Wynn Resorts states that executives will not be excluded from trading with Wynn, but from any company in which Wynn may have a 5% interest or more.

These are just some of the milestones that Wynn Resorts reached in a brief after the three-day hearings at the Boston Convention and Exhibition Center, just two months before the opening of the company's Everett Casino. the Encore Boston Harbor.

A Massachusetts regulatory investigation revealed that the company had tried to conceal the allegations of the commission. Wynn Resorts did not dispute the facts of the report, but noted that all executives who had deliberately failed to report the allegations were no longer part of the company.

Commissioners interviewed CEO Matt Maddox about what he knew about Wynn's allegations and why he initially supported Wynn, describing allegations about Elaine Wynn's efforts to denigrate the founder in litigation.

They also criticized James Stern, the chief of security, who admitted to spying on Elaine Wynn. Stern was fired two days after his testimony, which the company notes in his memoir.

During their testimony in Boston, Wynn Resorts executives described many changes since Wynn's resignation in 2018. They said the company had reorganized its sexual harassment policy and training, adding several people external to the board of directors.

Wynn Resorts is also committed to ensuring that all new employees receive anti-harassment training in the first six months of work and to review the policy with an outside expert.

The Nevada Gaming Commission fined Wynn Resorts $ 20 million but allowed the company to retain its casino license following a regulatory investigation. The Massachusetts regulators are deliberating on what will happen to the Wynn Resorts license.

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