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Massachusetts Gambling Regulators Imposes a Fine of $35m on Wynn Resorts

George Miller
May 2, 2019
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Massachusetts Gambling Regulators Imposes a Fine of $35m on Wynn ResortscReading Time: 1 minute

 

Massachusetts gambling regulators have imposed a fine of $35 million on Wynn Resorts, but allowed it to retain its casino license after failing to disclose allegations of sexual misconduct against company founder Steve Wynn.

The Massachusetts Gaming Commission’s decision clears the way for the opening of Encore Boston Harbor in June. The commission also fined CEO Matthew Maddox $500,000 and mandated an independent firm to evaluate the company’s recent organisational changes.

A five-member panel has privately investigated the misconduct allegations. Steve Wynn has denied the claims but resigned as CEO last year. Nevada regulators earlier this year levied a $20 million fine on Wynn Resorts but also allowed it to retain its state license.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Massachusetts Gambling Regulators Imposes a Fine of m on Wynn Resorts

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

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Business & Advertising: [email protected]

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