Casino Tycoon Steve Wynn Resolves Sexual Misconduct Allegations in $10 million Regulatory Settlement

Steve Wynn, a prominent Las Vegas casino magnate, has reached a $10 million settlement with the Nevada Gaming Commission over employee allegations of sexual misconduct. Under the terms of the settlement, Mr. Wynn—who has denied any wrongdoing—is also prohibited from any direct or indirect involvement in the state’s gambling industry.

Mr. Wynn resigned from his casino empire in 2018 amid the allegations, which were published in a Wall Street Journal report and alleged he pressured certain employees into sex.  Notably, the Nevada Gaming Commission also fined Wynn Resorts $20 million in 2019 for ignoring complaints about Mr. Wynn’s behavior, highlighting the regulatory exposure attendant to an employer’s failures to remediate and comprehensively investigate reports of harassment and discrimination. 

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