Steve Wynn Agrees to Pay $10m and Exit Nevada Gaming

Former Wynn Resorts CEO Steve Wynn has agreed to pay a $10m settlement and permanently cut ties with Nevada’s gaming industry. The deal comes as a four-year case surrounding allegations of sexual abuse against the 80-year-old finally reaches a conclusion.

allegations of sexual abuse and misconduct against female employees”

The legal battle against Wynn started in 2019 when the Nevada Gaming Control Board (NGC) filed a five-count complaint that questioned the business mogul’s right to hold a gaming license. The NGC pointed to “allegations of sexual abuse and misconduct against female employees during his time as chairman and CEO of Wynn Resorts.”

Wynn, who also had a federal lawsuit filed against him for the alleged lobbying of China, can still have passive ownership of less than 5% of any licensed gaming company. However, he can not hold any Nevada gaming license or serve on the board of a Nevada gaming company.

If the NGC accepts the settlement as expected, it will officially end the conflict that became public in 2018 when Wynn filed a pre-emptive lawsuit against the NGC to try and stop the body from publicizing sex offense allegations against him.

Despite consistently denying all the allegations against him, Wynn has forfeited his right to a public hearing by taking the settlement.

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• Source: https://www.vegasslotsonline.com/news/2023/07/21/steve-wynn-agrees-to-pay-10m-and-exit-nevada-gaming-over-sex-abuse-case/