Wynn Resorts acknowledged and agreed to settle a disciplinary complaint by the Nevada Gaming Control Board (NGCB) outlining sexual misconduct allegations against founder and former CEO Steve Wynn and the company’s failure to report and investigate these claims. The company will reportedly pay an unspecified fine, and the NCGB will not take action against current executives and Wynn Resort’s state gaming license.
In the wake of this agreement, Wynn Resorts issued a press release stating: “The completion of the NGCB’s investigation of the response of certain employees to allegations against our founder and previous CEO Steve Wynn is an important remedial step. We have fully cooperated and been transparent with the board in this in-depth investigation. We look forward to appearing before the Nevada Gaming Commission to review the settlement and establish the final resolution of the investigation.”