Gambling Industry NewsGambling News

Casino Giant Steve Wynn Banned from Nevada Gambling Industry

The Nevada gambling industry banned casino giant Steve Wynn. It came after he settled a sexual misconduct case with state regulators. Thus, he paid $10 million to maintain indirect or direct ownership of five percent or less in Nevada-based businesses.

The Nevada Gambling Control Board accused Wynn of making unwanted sexual advances to various female employees. According to bookie pay per head reviews and news sites, the regulator agreed with the settlement. Also, they described it as an end of a dark chapter. The fine was the biggest ever against a person in Nevada.

According to bookie software reports, Wynn signed the settlement deal on July 17. He recognized that he failed to exercise sound judgment and discretion. Also, his actions were against morals, public health, general welfare, and the good order of people in Nevada.

Wynn Banned from Nevada Gambling Industry

Casino Giant Steve Wynn Banned from Nevada Gambling IndustryThe 81-year-old gained his money creating world-famous casinos, including the Bellagio, Treasure Island, Mirage, and Wynn Macau as the creator of Wynn Resorts, a Nevada-based hotels and gambling firm. According to Forbes, Wynn is worth $3.2 billion.

According to a report in the Wall Street Journal, “dozens of people” have come forward to say that Wynn has a lengthy history of sexually harassing and abusing his staff.

In a statement, Wynn referred to the charges as “slander” and said that the media attention resulted from his ex-wife, Elaine Wynn, trying to renegotiate their divorce deal. Wynn resigned as finance head of the Republican National Committee the day after the piece came out.

Wynn resigned as chairman and CEO of Wynn Resorts after receiving negative gambling news. A lady came forward to the Las Vegas police later that month, saying that Wynn had repeatedly raped her in the 1970s.

Legal accusations claiming sexual misconduct were filed against Wynn by three women, including two massage therapists and a manicurist.

Aside from the latest $10 million fine, Wynn paid $104 million in settlements and penalties for his alleged sexual misconduct.

Related Articles