A fine of US$20 million was imposed on casino operator Wynn Resorts Ltd by the Nevada Gaming Commission.
This fine came as a result of 10 violations of the states Gaming Control Act and rules, relating to the failure to take appropriate action with regards to the allegations of sexual misconduct against the firm’s founder Steve Wynn. He has denied the wrongdoing and resigned as chairman and chief executive last year.
Wynn Resorts and the Nevada Gaming Control Board reached a settlement with regards to the probe that the regulator was conducting on alleged sexual misconduct by Mr. Wynn. The amount for the fine was determined on Tuesday.
The Gaming Inspection and Coordination Bureau, Macau’s casino regulator, had met the representative from Wynn Macau after the allegation of sexual misconduct to better understand the situation.
Under the leadership of Matt Maddox, Wynn Resorts has taken many steps to make its workplace more inclusive and safer for female employees.
Improvements For The Workplace
A number of steps have been taken by the company to improve the workplace environment. A Women’s Leadership Council has been created to promote equality; commissioning of pay and promotion equity; new inclusion and diversity training for all employees.
A “stipulation for settlement” was lodged on the Nevada Gaming Commissions website which said that Wynn Resorts had admitted to all allegatio except for two paragraphs and a part of the third.
These paragraphs were about whether Kimmarie Sinatra and Stacie Michaels, former general counsel and group secretary, and former general council respectively, knew about the allegations that “Employee 7” with regards to the allegations that Mr Wynn had been accused of various incidences of sexual harassment against flight attendants of LV Jet LLC. The third paragraph mentioned that Maurice Wooden, former president, knew of allegations of sexual misconduct.
A female worker, ‘Employee 1’, at Wynn salon had claimed to be raped by Mr. Wynn and become pregnant as a result. He has denied all wrongdoing.
The complaint said that Mr Wynn had reached a private and confidential settlement with the employee in 2005 in which he had paid the woman and her husband $7.5 million as settlement.