{"id":102609,"date":"2019-04-11T10:09:29","date_gmt":"2019-04-11T17:09:29","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=102609"},"modified":"2019-04-11T10:09:29","modified_gmt":"2019-04-11T17:09:29","slug":"steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/","title":{"rendered":"Steve Wynn Could Soon Be Banned From Wynn Resorts Casinos, CEO Matt Maddox Found Suitable in Nevada"},"content":{"rendered":"

Should Steve Wynn try and step foot on a property owned by the casino empire he founded 17 years ago, he might be quickly escorted off the premises by security personnel.<\/p>\n

\"Steve
Wynn Resorts CEO Matt Maddox is ready to ban his former mentor Steve Wynn from the company’s casinos. (Image: Philip Marcelo\/AP)<\/figcaption><\/figure>\n

Wynn Resorts tells the Massachusetts Gaming Commission (MGC) it’s willing to ban its billionaire founder and former CEO from accessing its properties in Nevada, China’s Macau, and its forthcoming $2.6 billion Encore Boston Harbor integrated casino resort. It’s part of the company’s pitch to try and convince state gaming regulators that it is a new era at Wynn Resorts following the disassociation with its disgraced visionary.<\/p>\n

\n

Mr. Wynn founded Wynn Resorts in 2002. The casino empire today has its two flagship properties on the Las Vegas Strip, and two in Macau. The company’s second IR in the world’s richest gambling hub \u2013 the $4.2 billion Wynn Palace \u2013 opened on the Cotai Strip in 2016.<\/p>\n<\/div>\n

Wynn Resorts employs more than 25,000 people and reported revenues of $6.72 billion last year. But Mr. Wynn, who resigned from the company in February 2018 and later sold off his entire stake in wake of numerous sexual misconduct allegations made against him, could soon be barred from the properties that bear his name.<\/p>\n

Mass Appeal<\/b><\/h2>\n

Wynn Resorts offering to prohibit Mr. Wynn from entering its casinos shows its commitment to separating from the billionaire.<\/p>\n

\n

CEO Matt Maddox, a Wynn prot\u00e9g\u00e9 who has been with the company since its beginning, replaced his longtime boss in February. He told the MGC that last year that “Steve Wynn is not Wynn Resorts. This company is not about a man. It hasn’t been about a man for 18 years.”<\/p>\n<\/blockquote>\n

During last week’s hearings to discuss the state’s investigative findings into whether Wynn Resorts purposely withheld knowledge of Mr. Wynn’s alleged wrongdoings during its 2013 bidding for the Boston casino license, Maddox said he was left in the dark regarding the sexual harassment and misconduct claims.<\/p>\n

The five-member MGC will determine if Wynn Resorts<\/a> remains suitable to retain ownership of its gaming license. Encore Boston Harbor is scheduled to open June 23.<\/p>\n

Maddox Suitable<\/b><\/h2>\n

Two recent op-eds published in The Boston Globe <\/i>pressure the MGC to demand Maddox be forced out<\/a> of Wynn Resorts in exchange for the company keeping its license.<\/p>\n

The news outlet’s Deputy Managing Editor Larry Edelman said, “If he didn’t know anything, he should have, and his resignation would cement the company’s claim that it has cleaned house.” Maddox was president of Wynn Resorts before becoming its CEO.<\/p>\n

\n

In Nevada, however, the state’s Gaming Control Board told the company this week that the 42-year-old has been “found suitable as an officer of Wynn Resorts” and “remains in good standing with the Nevada Gaming Control Board.”<\/p>\n<\/div>\n

Bloomberg <\/i>says the CEO received $17.1 million in total compensation during the 2018 fiscal year. Maddox told the MGC that his performance has been “quite strong,” and if the state were to ask character witnesses, they would say “Matt Maddox has been an extraordinary leader.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Should Steve Wynn try and step foot on a property owned by the casino empire he founded 17 years ago, he might be quickly escorted off the premises by security personnel. Wynn Resorts tells the Massachusetts Gaming Commission (MGC) it’s willing to ban its billionaire founder and former CEO from accessing its properties in Nevada, […]<\/p>\n","protected":false},"author":25,"featured_media":102614,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21],"tags":[],"acf":[],"yoast_head":"\nSteve Wynn Could Soon Be Banned From All Wynn Resorts Casinos<\/title>\n<meta name=\"description\" content=\"Steve Wynn might soon be barred from stepping foot on any property owned by the casino company he founded 17 years ago, the company tells gaming regulators.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steve Wynn Could Soon Be Banned From All Wynn Resorts Casinos\" \/>\n<meta property=\"og:description\" content=\"Steve Wynn might soon be barred from stepping foot on any property owned by the casino company he founded 17 years ago, the company tells gaming regulators.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-11T17:09:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/04\/ContentBroker_contentid-003c1deca0814abf81172e7f58461934.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1445\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/\",\"url\":\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/\",\"name\":\"Steve Wynn Could Soon Be Banned From All Wynn Resorts Casinos\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/04\/ContentBroker_contentid-003c1deca0814abf81172e7f58461934.jpg\",\"datePublished\":\"2019-04-11T17:09:29+00:00\",\"dateModified\":\"2019-04-11T17:09:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Steve Wynn might soon be barred from stepping foot on any property owned by the casino company he founded 17 years ago, the company tells gaming regulators.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-could-soon-be-banned-from-all-wynn-resorts-casinos\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/04\/ContentBroker_contentid-003c1deca0814abf81172e7f58461934.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/04\/ContentBroker_contentid-003c1deca0814abf81172e7f58461934.jpg\",\"width\":1445,\"height\":900,\"caption\":\"Wynn Resorts CEO Matt Maddox is ready to ban his former mentor Steve Wynn from the company's casinos. 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Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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