Wynn Resorts Fined $20 Million Over Ex-CEO Assault Claims (2)

Feb. 27, 2019, 1:38 PM

Wynn Resorts Ltd. was fined $20 million by Nevada gaming regulators over its failure to investigate and act upon sexual-misconduct allegations by employees against former Chief Executive Officer Steve Wynn.

The fine was proposed by Nevada Gaming Commission Chairman Tony Alamo at a hearing Feb. 26 and confirmed by a 4-0 vote. Last month, the company reached a settlement with the state, but the amount of the fine wasn’t specified.

While Alamo said the fine will be “record setting,” he didn’t want it to be so high as to irreparably damage Wynn Resorts. Previously, regulators have said they wouldn’t seek ...

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