Casino operator Wynn Resorts has reached a settlement with Nevada gaming regulators over the company’s handline of former boss Steve Wynn’s alleged sexual proclivities.
On Monday, Wynn Resorts announced that it had accepted a settlement to resolve the Nevada Gaming Control Board (GCB) investigation into the casino operator’s response to sexual harassment allegations involving company founder and former CEO Steve Wynn.
The settlement agreement states that Wynn has agreed to pay an as yet undetermined fine. The settlement must still be approved by the Nevada Gaming Commission, which will be tasked with determining the scale of Wynn’s financial penalty. But the company won’t have to fire anyone and its Nevada gaming license is no longer under threat.
The GCB opened its investigation into Steve’s alleged harassment shortly after the January 2018 Wall Street Journal report that led to Steve’s resignation the following month. The GCB eventually opened a public hotline to allow affected individuals to submit their individual complaints and/or other evidence regarding Steve’s alleged antics.