Less than a week after a Wynn Resorts massage therapist filed a sexual harassment lawsuit, the Gaming Control Board said it is preparing for a hearing against Steve Wynn.
Steve Wynn Investigation
Twelve months to the day since being tapped to lead Wynn Resorts, Matt Maddox — the company’s former chief financial officer and Steve Wynn protege — has helped stabilize the casino operator through quick decisive steps and compromises, analysts said.
Massachusetts Gaming Commission officials say they would have begun an adjudicatory hearing on the licensing of Wynn Resorts Ltd. by now had it not been for a lawsuit filed by former Chairman and CEO Steve Wynn last month.
Longtime gaming executive Phil Satre has been named vice chairman of the Wynn Resorts board of directors and will become chairman next year, a move lauded by top shareholder and co-founder Elaine Wynn.
Massachusetts casino regulators are stepping up their inquiry of Wynn Resorts in the wake of sexual misconduct allegations that led to the departure of the company’s former chairman, Steve Wynn.
With deals, acquisitions, buyouts and the dramatic launch of new resorts, Steve Wynn has left an oversized impression on the gaming industry in Las Vegas, the U.S. and as far away as Macau.
Some gaming industry sources talked about Steve Wynn’s resignation as if he had died.
Matthew Maddox, one of the longest-serving executives at Wynn Resorts, has replaced Steve Wynn as chief executive officer, capping a career rise from small-town Arkansas to leader of a global gaming giant.
Billionaire casino developer Steve Wynn, the founder of Wynn Resorts, has stepped down as CEO and chairman of Wynn Resorts amid investigations of sexual impropriety.
Representatives of UNLV say they’ll wait until the state Gaming Control Board has completed its investigation of Steve Wynn before determining whether they would take away honors bestowed upon him over the years.
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