Former Vegas mogul Steve Wynn has agreed to pay a $10 million settlement and permanently cut ties with the Nevada gaming industry over sexual assault allegations. [Image: Shutterstock.com]
Steve Wynn, former CEO of Wynn Resorts, has agreed to pay a $10 million settlement and permanently cut ties with the Nevada gaming industry. The deal comes as a four-year case involving sexual assault allegations against the 80-year-old reached a final conclusion.
Allegations of sexual assault and misconduct against female employees”
The legal battle against Wynn began in 2019 when the Nevada Board of Gaming Control (NGC) filed a five-count complaint that questioned the business mogul’s right to a gaming license. NGC noted “allegations of sexual assault and misconduct against female employees during his tenure as Chairman and CEO of Wynn Resorts.”
Wynn, who has been sued in federal law for alleged lobbying in China, can still own less than 5% of any licensed gaming company. However, he cannot hold any Nevada gaming license or serve on the board of directors of the Nevada Gaming Corporation.
If NGC accepts the settlement as expected, it will formally end the dispute that became public in 2018 when Wynn filed a preventative lawsuit against NGC to try to stop the body from publishing allegations of sexual offenses against him.
Despite his persistent denials of all allegations against him, Wynn forfeited his right to a public hearing by taking the settlement.
