Wynn Resorts fines $ 35 million, retaining license for Everett casino
BOSTON (AP) – Massachusetts gambling regulators have charged a $ 35 million fine on Wynn Resorts, but allowed it to keep its casino owners' after failing to disclose allegations of sexual breach against the company's founder Steve Wynn.
The Massachusetts Gaming Commission's Tuesday decision paves 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 organizational changes.
The five-member panel decided privately for weeks after the release of an investigation report and held hearings on what the company's officials knew about the default claims this month. Steve Wynn has denied the allegations, but resigned as CEO last year.
Nevada regulators earlier this year imposed $ 20 million on Wynn Resorts, but were also allowed to retain their state license.
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