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Steve Wynn to be removed from casino licence

Wynn Resorts
The MGC has authorised the removal of Steve Wynn from the licensing procedure.(Credits: bostonglobe.com)

The Massachusetts Gaming Commission has confirmed the mogul can be removed from the licence after resigning and selling his stock at Wynn.

US.- Wynn Resorts continues to reorganise its operations after the Steve Wynn scandal over sexual misconduct allegations, and its Everett casino is one of the main topics around it. The company has been cleared to get the casino mogul removed from the licence, the Massachusetts Gaming Commission (MGC) informed.

The regulator assessed that the former CEO can legally be removed from the procedure after he resigned from the company and sold his stock. Therefore, Wynn Resorts will keep the rights to the project without Mr Wynn being involved.

Current CEO Matt Maddox announced in April that the Wynn Boston Harbor will 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.

After the MGC’s approval, Wynn Resorts continues to part ways with former CEO Steve Wynn, who was accused of sexual misconduct by several former employees.

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