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Massachusetts to receive report on Wynn

Massachusetts to receive report on Wynn
Wynn Resorts CEO said the company didn't rule out a potential sale of the property should things go sideways.

The gaming regulators will finally get the report of the investigation on the sexual misconduct allegations against Steve Wynn.

US.- Steve Wynn parted ways with his former company after he was accused of sexual misconduct, which triggered an investigation on the issue. Months later, gaming regulators in Massachusetts will finally access to the final report of that investigation in order to decide the fate of the developer’s Encore Boston Harbor resort.

The Massachusetts Gaming Commission (MGC) will hold public hearings in the upcoming weeks to decide the fate of the casino licence awarded to Wynn in 2014. Afterwards, it will reveal the final report.

Back in May, the company was cleared to get the casino mogul legally removed from the licence after he resigned from the company and sold his stock.

CEO Matt Maddox had announced in April 2018 that the Wynn Boston Harbor would be renamed as the Encore Boston Harbor. However, he had also previously said that the company didn’t rule out a possible sale of the property: “We’re a US$30 billion company, and if there was ever any risk, due to heightened rhetoric, that there would be any contagion from Massachusetts into Wynn Resorts, we will have to take a hard look at what is best to protect our shareholders and our value,” he stated.

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