Steve Wynn's Fall From Grace: A Look At Allegations And Consequences

It's never a good sign when the state of Nevada doesn’t want you specifically to gamble there. That, in a sense, is what's happening to disgraced billionaire Steve Wynn, following multiple reported allegations of sexual misconduct against the former casino magnate last year. Now, the Las Vegas Review-Journal reports, the Nevada Gaming Control Board has filed a criminal complaint against Wynn and is attempting to ban him from any casino business in the state, claiming the allegations against him discredited the board.

The complaint elaborates that Wynn "is not a person of good character, honesty, and/or integrity," asserting that his alleged behavior "was not consistent with good character and poses a threat to the public interest of the State of Nevada." The Gaming Control Board's investigation reportedly found evidence of multiple instances of sexual contact by Mr. Wynn involving subordinate employees. By engaging in this conduct, whether consensual or not, Mr. Wynn disregarded Wynn Company's policies and procedures.

Altogether, the complaint enumerates five counts of misconduct against Wynn, all involving sexual misconduct and/or cover-ups, except for the last count, which concerns Wynn's failure to appear at a hearing in September of last year. If the ban is enforced, it will add to a hefty $20 million fine Wynn's company, Wynn Resorts, received in February—the largest fine ever imposed by the state of Nevada—for failing to adequately investigate the allegations against him. An even larger fine of $35 million was assessed by the Massachusetts Gaming Commission three months later.

Biography

Steve Wynn was born on January 27, 1942, and is known for being a prominent figure in the casino and hotel industry. He founded Wynn Resorts, which became synonymous with luxury and high-stakes gambling. Throughout his career, Wynn was instrumental in developing some of Las Vegas' most famous properties, including the Bellagio and the Wynn Las Vegas.

Allegations Against Steve Wynn

The allegations against Steve Wynn surfaced in 2018, revealing a pattern of sexual misconduct that spanned several years. The claims included instances of inappropriate behavior toward employees, which prompted an investigation by the Nevada Gaming Control Board. This investigation led to a series of serious accusations and ultimately resulted in legal actions against him.

Consequences of Misconduct

The fallout from these allegations has been significant. Steve Wynn has faced multiple legal challenges, including fines from regulatory bodies. Not only did Wynn Resorts incur a record $20 million fine from Nevada, but a further $35 million penalty was imposed by Massachusetts, highlighting the severity of the situation.

Current Status

As of now, Steve Wynn is reportedly living in Florida and has not publicly responded to the ongoing complaints against him. Since stepping down as CEO of Wynn Resorts in February 2018, he has sold off all his stock in the company. The future of his involvement in the casino industry remains uncertain as the legal proceedings continue.