Attorneys representing the state argued yesterday that Steve Wynn leaving the gaming industry shouldn’t mean that his actions during his Wynn Resorts tenure should be immune from regulatory action. Justice Lidia Stiglich seemingly agreed.<\/p>\n<\/div>\n
“Is Mr. Wynn going to be held accountable for acts that occurred while he was under a suitability finding?” Stiglich asked Wynn’s team. “Are you telling us that when he leaves the company, he will no longer \u2026 be held accountable?”<\/p>\n
Wynn attorney Colby Williams said that isn’t necessarily accurate. Williams opined that the NGCB is seeking to impose regulatory penalties against someone who isn’t involved, or seeking to become involved, in its industry.<\/p>\n
Williams countered that his client surrendered his gaming license and personal suitability finding when he resigned from Wynn Resorts some 20 months before the NGCB brought the complaint against him.<\/p>\n
“It’s our position that Mr. Wynn’s findings of suitability ended when he resigned his positions as CEO and director of Wynn Resorts,” Williams declared. “Our argument is, and what I believe the district court agreed with us on, is that when dealing with fines, and the board’s ability to recommend fines, and the commission’s ability to impose fines, the regulatory language used is in the present tense.<\/p>\n
\nThey [NGC\/NGCB] can only impose fines against someone who ‘is’ found suitable. By the time this action was instituted, Mr. Wynn’s findings of suitability no longer existed.”<\/strong><\/p>\n<\/blockquote>\nWilliams concluded that the Nevada Supreme Court has a well-documented history of determining that the present tense in a statute carries weight.<\/p>\n
“If Mr. Wynn’s findings of suitability have ended before this disciplinary matter was pursued, then no, he cannot be fined,” Williams concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Steve Wynn departed the gaming industry nearly four years ago. But officials in Nevada continue to seek legal authority to punish the now 79-year-old for his alleged conduct while he headed one of the world’s largest casino empires. Wynn resigned from Wynn Resorts in January of 2018 and sold off his entire ownership in his […]<\/p>\n","protected":false},"author":25,"featured_media":197041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,13592],"tags":[],"acf":[],"yoast_head":"\n
Steve Wynn Saga Continues, Nevada Seeks to Further Disgrace Tycoon<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n