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Gaming panel considers Wynn still in with casino

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Gaming panel considers Wynn still in with casino

State gambling regulators say they’ll continue to consider deposed casino executive Steve Wynn a key part of his former company, Wynn Resorts, because of his sizable personal stake in the company, the Gaming Commission chief said yesterday.

“He, as a major stockholder, he would be a qualifier, even though he’s out as (CEO),” commission Chairman Stephen Crosby said yesterday. “In due time that will be one of the issues that we will consider along with all these others.”

Since resigning as CEO after allegations of sexual harassment, Wynn has said in SEC filings he has no plans to sell his stake in his namesake company. Wynn owns roughly 12 percent of shares. Under state law, key employees and major shareholders — who own more than 5 percent — must pass a suitability investigation.

Earlier this week, The Associated Press reported a woman told police Wynn raped her at least three times in the 1970s, while another said she was forced to resign as a card dealer in one of Wynn’s casinos after she refused to have sex with him. Wynn has denied the allegations.

In reaction to the new claims, Attorney General Maura Healey questioned whether Wynn Resorts should be allowed to keep its gaming license, and Healey, Gov. Charlie Baker and others have said the Gaming Commission should consider demanding the company keep the Wynn name off the Everett casino.

“We have virtually absolute authority to take any measure that we want, whether it has to do with a license revocation or fines or name changes or personnel involved, we have the full range of authority,” Crosby said. “All of those issues are on the table, including the ones the governor and the attorney general raised.”

Wynn passed a mandatory background and character check before the state issued the casino license. The Gaming Commission is in the midst of an investigation into both Wynn’s behavior, whether others at the company knew about it, and how Wynn Resorts has responded to the allegations.

Crosby said the commission would not assume the outcome of the investigation, and would not take action until the review is closed.

“We won’t speculate. We are as anxious as anybody else to get to the bottom of this and to establish the facts,” Crosby said. “Every possible outcome is on the table, but not until we get all the facts together.”

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNGLPDQB0VvL-I6vBJ3-KjvhpWcwVw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779817895513&ei=E4OZWqGWA8HxhQH535XACw&url=http://www.bostonherald.com/business/business_markets/2018/03/gaming_panel_considers_wynn_still_in_with_casino

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