(Reuters) – Massachusetts gaming regulators on Tuesday fined Wynn Resorts Ltd $35 million for not disclosing sexual misconduct allegations against founder and former CEO Steve Wynn but allowed the casino operator to keep the license for its new $2.6 billion casino near Boston due to open in June.
FILE PHOTO: Construction continues on the new Wynn Resort and Casino, as owner Steve Wynn denies accusations of sexual abuse and harassment, in the Boston suburb of Everett, Massachusetts, U.S., January 31, 2018. REUTERS/Brian Snyder
The commission said it was “profoundly disturbed” by “repeated systemic failures and pervasive culture of non-disclosure” at the company.
The decision follows the commission’s investigative report earlier in April that concluded that former executives of Wynn Resorts concealed sexual misconduct allegations against billionaire