In a spectacular comeback, the casino mogul had just opened his glittering new $2.75 billion Wynn Las Vegas hotel on the Strip, with a Ferrari dealership in the lobby and his name in gold letters on top, something he said his employees insisted on. Then, according to Wynn, he got scammed by a manicurist
A report filed Tuesday in connection with a Massachusetts Gaming Commission investigation into allegations of sexual harassment at Wynn Resorts Ltd. included Wynn’s own testimony on the event that led to his downfall. “It started off as a manicure,” he said in a 2017 deposition in an unrelated case that was included in the report.
The former chief executive officer, now 77, said he was sitting in a T-shirt and loose-fitting shorts when the manicurist, who hasn’t been named, started rubbing his leg. “I realize now I should have reported it,” he said. Instead, Wynn said, he had sex with the woman, who later claimed the casino mogul raped and impregnated her. Wynn paid $7.5 million to settle the allegations, a deal that wasn’t disclosed to state regulators who investigated the company’s suitability for a casino license in Massachusetts in 2013.
More than a year after Wynn stepped down over allegations of sexual misconduct, regulators and investors are still piecing together what happened. In the wake of his departure, the company was fined $20 million by Nevada gaming regulators over its failure to investigate allegations. Wynn Resorts also has made attempts to restore its image: Under CEO Matt Maddox, the company added women to its board and overhauled its policies.
To contact the reporters on this story: Christopher Palmeri in Los Angeles at [email protected];Janelle Lawrence in Boston at [email protected] more articles like this, please visit us at bloomberg.com
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Massachusetts says Wynn Resorts executives concealed sexual misconduct accusations involving Steve WynnMassachusetts gaming regulators on Tuesday released an investigative report conc...
Read more »
Wynn Resorts tried to hide misconduct allegations against Steve Wynn, regulators sayWynn Resorts Ltd. executives and outside counsel were part of a coverup to protect founder Steve Wynn from allegations by employees that he had engaged in sexual misconduct against them, according to an investigation completed by Massachusetts regulators that blasted corporate failures as “significant, repetitive and reflective of the company’s historical governance practices.”
Read more »
Wynn Resorts Executives Tried to Hide Misconduct Allegations Against Steve Wynn, Regulators SayWynn Resorts executives and outside counsel were part of a coverup to protect founder Steve Wynn from sexual misconduct allegations, according to an investigation completed by Massachusetts regulators.
Read more »
Wynn Resorts executives concealed sexual misconduct accusations against Steve Wynn, gaming regulators sayFormer executives at Wynn Resorts covered up years of sexual misconduct allegations against billionaire casino mogul Steve Wynn, according to a report by the Massachusetts Gaming Commission
Read more »
The Latest: Steve Wynn again denies misconduct accusationsCasino mogul Steve Wynn again denies accusations of sexual misconduct after gambling regulators in Massachusetts released a report on how his former company responded to the allegations.
Read more »
Wynn Resorts hid knowledge of sexual misconduct claims, Massachusetts regulators sayThe Massachusetts Gaming Commission released a report Tuesday detailing how Wynn Resorts handled accusations of rape and sexual misconduct against founder and former CEO Steve Wynn, and said the company hid these allegations from regulators.
Read more »
Stocks making the biggest moves midday: Wynn Resorts, Redfin, Amazon & moreThese are the stocks posting the largest moves midday Monday.
Read more »
Wynn Resorts to face Massachusetts regulators in bid to save gaming license after its #MeToo scandalThe Massachusetts Gaming Commission is calling the casino giant on the carpet for repeatedly turning a blind eye to accusations of rape and sexual misconduct against founder and former CEO Steve Wynn.
Read more »