Wynn Resorts has paid $35 million in fine to Massachusetts Gaming Commission for shielding and downplaying multiple allegations of sexual harassment against its former CEO Steve Wynn. The company has also paid 500,000 fine slapped on its current CEO Matthew Maddox, for being complicit in hiding the allegations from the gaming authorities during the investigations.
Earlier Massachusetts Gaming Commission has slapped a whopping $35 million fine on Wynn Resorts for their handling of the sexual misconduct allegations on CEO Steve Wynn. However, the regulatory body allowed the company to keep its casino license.
Steve Wynn had been alleged of sexual misconducts with female employees at Wynn’s casino resorts. The issue first came into light after The Wall Street Journal first reported about allegations of sexual misconducts against company CEO, Steve Wynn, last year.
Wynn Resorts had also been fined $20 million by the Nevada Gaming Commission.
In a statement to the press, Wynn’s Board of Directors has said that they do not agree with the finding that (current CEO) Matt Maddox violated Company policy.
“We are pleased that neither the Commission’s Investigation and Enforcement Bureau, nor the Special Committee of the Board, found that he, or any other current Company executives, violated any Company policies in managing the allegations against the Company’s founder.”
Wynn Resorts own a casino License for their Encore Boston Harbor Casino which would be open for the public from 23 June.