Nevada regulators say Steve Wynn can face sanctions; appeal coming

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Nevada regulators say Steve Wynn can face sanctions; appeal coming
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Nevada gambling regulators unanimously declared they have jurisdiction to discipline former Las Vegas casino mogul Steve Wynn over allegations of workplace sexual misconduct.

Insurance carriers will pay Wynn Resorts $21 million in a settlement stemming from shareholder lawsuits over sexual allegations against Wynn.Campbell told reporters that Wynn wasn’t personally licensed when he resigned in 2018 as Wynn Resorts chairman and chief executive, divested himself of company shares and quit the corporate board.

“We are talking about power,” Shevorski said. “Mr. Wynn, like others before him and others that may come after him, come before this commission to be judged [for] suitability. You have full and absolute power and authority to revoke a finding of suitability.”“It would be a bright line to say that the person once found suitable [has] the power [and] ... can cut it off whenever they choose to get around the power that justly belongs with this commission,” Shevorski said.

“For me, the timing of the conduct and the activity involved is important,” she said. “I believe the commission should retain the authority to address that conduct.”

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