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Massachusetts Gambling Regulators Imposes a Fine of $35m on Wynn Resorts

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6 years ago

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Massachusetts Gambling Regulators Imposes a Fine of $35m on Wynn Resortsc
Photo Source: reuters.com
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Massachusetts gambling regulators have imposed a fine of $35 million on Wynn Resorts, but allowed it to retain its casino license after failing to disclose allegations of sexual misconduct against company founder Steve Wynn.

The Massachusetts Gaming Commission’s decision clears the way for the opening of Encore Boston Harbor in June. The commission also fined CEO Matthew Maddox $500,000 and mandated an independent firm to evaluate the company’s recent organisational changes.

A five-member panel has privately investigated the misconduct allegations. Steve Wynn has denied the claims but resigned as CEO last year. Nevada regulators earlier this year levied a $20 million fine on Wynn Resorts but also allowed it to retain its state license.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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