Wynn Resorts says it is now solely focused on the launch of its US$2.6 billion Encore Boston Harbor following completion of a suitability review by the Massachusetts Gaming Commission.
As previously reported by Inside Asian Gaming, Wynn Resorts was fined US$35 million by the Massachusetts regulators this week for failing to report historical allegations of sexual abuse by founder Steve Wynn. However, the company was allowed to retain its state gaming license.
In a written statement issued on Thursday, Wynn Resorts said that the company and CEO Matt Maddox “have worked diligently to make the important and necessary changes to the company’s corporate leadership, governance, compliance programs and Human Resources policies.
“With the Massachusetts Gaming Commission review complete, our company is now focused on a successful launch of Encore Boston Harbor and the recruiting and training of 5,500 team members who will be bringing Greater Boston and New England a luxury hospitality and entertainment experience unlike anything the region has ever seen.”
Wynn also referenced comments made by Commission Chairwoman Cathy Judd- Stein, who said, “It’s fair to say that recent changes to the company’s governance model, policies, trainings, and operations show a new commitment and focus on all levels of employees, which combined with the ongoing successful business operations continue to demonstrate that Wynn will likely be a successful operator in Everett.”
