Wynn Resorts has announced that it won’t appeal the US$35 million fine imposed upon it by the Massachusetts Gaming Commission for its failure to report allegations of sexual abuse against former Chairman and CEO Steve Wynn.
However, the board says it does not agree with the findings against current CEO Matt Maddox with Wynn to pay the US$500,000 fine levied against him on his behalf.
In a statement, Wynn Resorts referenced the earlier findings of the Nevada Gaming Control Board in its own investigation, noting that it “recently reaffirmed Matt Maddox’s good standing in Nevada and praised him for creating a ‘paradigm shift’ and for taking ‘corrective actions that [have] been impressive’.
“We believe Matt’s leadership has been, and will continue to be, essential in our transformation from a founder-led company to an innovative global corporation. Matt has created a more diverse, inclusive and respectful workplace culture – all while maintaining focus on executing the company’s business plan.”
Wynn said it delivered payment of both its US$35 million and Maddox’s US$500,000 fine on Tuesday after the CEO declined an option to launch his own appeal in order to bring the matter to a conclusion.
The company will officially open its long-awaited Encore Boston Harbor property on 23 June.
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