Nevada regulators want Steve Wynn banned for life
The founder and former CEO of Wynn Resorts is “unfit to hold a gaming license”
The Nevada Gaming Control Board (NGCB) doesn’t believe Steve Wynn should be allowed to be involved in the state’s casino industry. It has submitted a complaint to the Nevada Gaming Commission asserting that the embattled executive and founder of Wynn Resorts should be declared unfit to hold a gaming license and wants to ensure that he is completely removed from the scene.
Wynn is still under fire for what could only be described – allegedly – as strong sexual proclivities. His actions have already forced him out of the company he built and have resulted in several lawsuits against him and the company, as well as multimillion-dollar fines from gaming regulators in Nevada and Massachusetts.
In submitting its request, the NGCB said that Wynn is “not a person of good character, honesty, and/or integrity” and is “unsuitable to be associated with a gaming enterprise or the gaming industry as a whole,” and adds, “Mr. Wynn has repeatedly violated Nevada’s gaming statutes and regulations” and has brought “discredit upon the state of Nevada and its gaming industry.”
It further offers that his actions and the subsequent media coverage “damaged the public confidence and trust in an industry that is vitally important to the economy of the State of Nevada and the general welfare of its inhabitants” and that “the evidence from the investigation demonstrates a pattern of Mr. Wynn recklessly engaging in sexual conduct with subordinate employees, which even if it was consensual as maintained by Mr. Wynn, is oblivious to the significant power imbalance between the CEO of a major gaming company and subordinate employees dependent on Mr. Wynn’s approval for continued employment.”
The Nevada Gaming Commission has not yet reached its decision.