Steve Wynn and the Nevada Gaming Control Board agreed to a settlement last week to end a yearslong dispute over sexual misconduct allegations.
Casino mogul Steve Wynn has agreed to a $10 million settlement that effectively bans the man who helped shape today's Las Vegas from ever taking part in its businesses again, bringing a close to a yearslong legal battle over workplace sexual misconduct allegations.
While the 81-year-old resigned as Wynn Resorts CEO shortly after allegations were published in 2018, the settlement forever bars him from being involved, either directly or indirectly, with any Nevada gambling company's financing, advertising or consultation. It does, however, allow him to have passive financial investments of up to 5% into companies involved in the state's gambling industry.
He resigned from Wynn Resorts months later and sold his remaining stake while continuing to deny the accounts, telling WSJ,"The idea that I ever assaulted any woman is preposterous."
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