Investors of Wynn Resorts Ltd. may heave a sigh of relief after Massachusetts gambling regulators agreed to remove the name of embattled casino billionaire Steve Wynn from the license of the company’s $2.5 billion casino resort project near Boston.

In a statement, the Massachusetts Gaming Commission agreed to disregard Wynn as one of the company’s ‘qualifiers’ after a “careful consideration of the evidence and the requirements stipulated by law.”

A ‘qualifier’ is considered to be someone who is a top executive and shareholder of the company. The state regulator conducts thorough background checks on ‘qualifiers’ before deciding whether a casino operator is suitable to be granted a license.

The MGC’s conclusion came after written verification that the casino mogul didn’t exercise voting rights at the 2018 Wynn Resorts shareholders’ meeting. The MGC also recognized Wynn Resorts’ efforts to separate itself from its founder, including the renaming of its casino project from Wynn Boston Harbor to Encore Boston Harbor.