After Steve Wynn, then-CEO and founder of Wynn Resorts, was accused of egregious sexual misconduct, the casino operator found itself putting out fires everywhere—Las Vegas, Macau, Massachusetts and even with federal authorities. It agreed to conduct an internal investigation into the “numerous sexual harassment allegations” and has now completed its investigation. However, the company said that it’s not going to disclose—at least for now—the findings of the probe.
The information was presented in a filing with the Securities and Exchange Commission (SEC) this week. The company’s new executive VP, Ellen Whittemore stated, “In deference to the ongoing regulatory investigations, the Board and the Company will have no further public statement on the results until the regulatory investigations are completed.”
After the news of the sexual misconduct was first broken by the Wall Street Journal in January, a number of regulatory agencies began to investigate the company and Steve Wynn. That led to the decision by Wynn Resorts to lead its own special investigation.
Since Wynn stepped down from the company in February, casino company has repeatedly attempted to disown the disgraced executive. Wynn, more than likely under pressure, decided to sell his entire stake in the company after he resigned, estimated at around $2.2 billion.