{"id":76231,"date":"2018-04-23T15:00:19","date_gmt":"2018-04-23T22:00:19","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=76231"},"modified":"2018-04-23T16:11:46","modified_gmt":"2018-04-23T23:11:46","slug":"steve-wynn-still-under-scrutiny-says-massachusetts-gaming-commission","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/steve-wynn-still-under-scrutiny-says-massachusetts-gaming-commission\/","title":{"rendered":"Steve Wynn Still Under Scrutiny, Says Massachusetts Gaming Commission"},"content":{"rendered":"

Steve Wynn continues to be in hot water with the Massachusetts Gaming Commission (MGC).<\/p>\n

\"Steve
The Massachusetts Gaming Commission will decide next month whether Steve Wynn remains a qualifier in Wynn Resorts\u2019 suitability for licensing in Boston. The casino mogul sold his entire stake in the company last month. (Image: Associated Press)<\/figcaption><\/figure>\n

The embattled casino mogul resigned as CEO and chairman of Wynn Resorts in February in the wake of a Wall Street Journal <\/em>article that accused him of a long pattern of sexual misconduct against female employees.<\/p>\n

Facing licensing suitability investigations in several jurisdictions, he later sold his entire majority stake<\/a> in the company, as the board sought to protect its gaming licenses by severing all ties to its founder.<\/p>\n

But the MGC — which is reexamining Wynn Resorts\u2019 suitability for licensing in Boston, where it is building its $2.4 million Wynn Boston Harbor — isn\u2019t done with Wynn just yet.<\/p>\n

Wynn and Wynn Resorts passed licensing suitability tests before they won the sole east Massachusetts casino license in 2014 after a hard-fought competitive bidding process with Mohegan Sun. But Wynn\u2019s alleged failure to declare a $7.5 million settlement to a Wynn Resorts manicurist who claimed sexual assault prompted the regulator to revisit the case.<\/p>\n

Wynn Status to Be Decided<\/strong><\/h2>\n

In a letter dated March 27, Wynn\u2019s attorney asserted that the divestiture of Wynn\u2019s shares precluded him from further scrutiny and that he would no longer respond to requests for information from the commission.<\/p>\n

\u201cAs Mr. Wynn is no longer a qualifier of any commission licensee, there is no longer any regulatory or statutory justification to continue the commission\u2019s inquiry into Mr. Wynn\u2019s suitability as a qualifier of the commission,” said Wynn’s attorney. “The commission no longer has jurisdiction over Mr. Wynn \u2014 he is a private Nevada citizen unaffiliated with\u00a0Wynn Resorts\u00a0LLC or any commission licensee.\u201d<\/strong><\/p><\/blockquote>\n

But according to the Las Vegas Review-Journal<\/em>, the MGC has scheduled a hearing for May in which they will seek to determine whether Wynn has truly removed himself from the company and whether or not he remains a \u201cqualifier\u201d in the licensing process.<\/p>\n

\u201cThe commission\u2019s decision at the hearing will not end the current investigation by the Investigation Enforcement Bureau as to the allegations of sexual harassment and misconduct against Steve Wynn or the handling of those allegations by Wynn Resorts Ltd. and its officers and directors,\u201d said the MGC. \u201cThe hearing will also not consider whether other employees, board members, shareholders or other Wynn companies should remain as qualifiers.\u201d<\/p>\n

Elaine Wynn Accuses Hagenbuch<\/strong><\/h2>\n

Meanwhile, Elaine Wynn — now the major shareholder of Wynn Resorts after her estranged ex-husband\u2019s departure from the company — has called for the removal of John Hagenbuch from the board, one of three directors involved in Wynn Resorts own internal investigation of Steve Wynn\u2019s alleged behavior.<\/p>\n

She claimed in a filing to the Securities and Exchange Commission (SEC) that Hagenbuch’s loyalties are too closely aligned with her ex-husband.<\/p>\n

Last week, Wynn Resorts directors rebuffed Ms. Wynn\u2019s demand for a complete overhaul of the board to restore the company\u2019s reputation. Instead, the board nominated three women<\/a> of their own choosing for election at the company\u2019s forthcoming AGM.<\/p>\n","protected":false},"excerpt":{"rendered":"

Steve Wynn continues to be in hot water with the Massachusetts Gaming Commission (MGC). The embattled casino mogul resigned as CEO and chairman of Wynn Resorts in February in the wake of a Wall Street Journal article that accused him of a long pattern of sexual misconduct against female employees. Facing licensing suitability investigations in […]<\/p>\n","protected":false},"author":42,"featured_media":76233,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,18,13592],"tags":[],"acf":[],"yoast_head":"\nSteve Wynn Still Under Scrutiny, Says Massachusetts Gaming Commission<\/title>\n<meta name=\"description\" content=\"Massachusetts Gaming Commission will decide at a forthcoming hearing whether Steve Wynn still has \u201cqualifier\u201d status as a part of Wynn Resort\u2019s licensing. 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