Results Of Steve Wynn Investigation Expected Soon From Massachusetts Gaming Commission

Next month, the Massachusetts Gaming Commission’s chairman will disclose the findings of its investigation into allegations of sexual misconduct against Steve Wynn, the founder and ex-CEO of Wynn Resorts.

The commission is currently investigating the events and individuals involved, as stated by MGC Chairman Stephen Crosby in an interview with the Boston Herald.

The occurrence, which requires investigation to determine the responsible parties and their actions towards others, also necessitates uncovering who had knowledge of it. Additionally, we must ascertain the course of action taken by the board upon discovering and investigating the incident. Occasionally, unwanted events transpire, and how we handle them holds equal significance to all other aspects.

The Wall Street Journal shocked the world in January when it revealed a sensational story detailing accusations of sexual misconduct against Wynn. Despite denying the allegations, Wynn ultimately stepped down from his role as CEO and Chairman of the Board in February.

Encore Boston Harbor

After Wynn Resorts initiated the construction of its second US-based property in Massachusetts, the MGC promptly responded. The development of Encore Boston Harbor, an extravagant casino resort in Everett, situated near Boston, commenced in 2016 and is scheduled to be unveiled in June 2019, with a staggering cost of $2.4 billion.

Shortly after the allegations emerged, the commission promptly initiated an investigation. Referred to as a probe into the licensee’s suitability and integrity, the Commission has enlisted the support of two external agencies to aid in the process.

Meanwhile, Wynn Resorts took steps to distance itself from any association with the Wynn name. In April, the company made efforts to remove Wynn’s name from all official paperwork submitted to the Commission. Additionally, the project’s name was altered from Wynn Boston Harbor to Encore Boston Harbor.

Wynn Resorts’ internal inquiry

On August 10th, Wynn Resorts concluded its internal investigation, but chose not to disclose the findings publicly. Instead, the company submitted the results to the Securities and Exchange Commission and other relevant regulatory bodies.

The company’s Executive Vice President, Ellen Whittemore, stated that Wynn Resorts will refrain from making any public statements regarding the results until the completion of regulatory investigations, such as the ongoing one in Massachusetts.

According to a spokesperson from Wynn Resorts, their findings might be incorporated into the commission’s report. Nevertheless, a representative from the MGC expressed uncertainty about the extent to which it will be included.

The Massachusetts investigation results

Crosby expressed uncertainty regarding the commission’s intended approach in presenting the results. Currently, neither the commission nor Crosby are aware of the actual results.

“We lack any prior observations or readings regarding this matter. Therefore, it is necessary for us to receive a briefing on the investigation, grasp its details, and carefully consider it. Only after that can we discuss and decide upon the appropriate format.”

Next year, the banks of Everett’s Mystic River will witness the grand opening of Encore Boston Harbor. Wynn Resorts guarantees a luxurious five-star gaming resort, enriched with top-notch amenities for a truly world-class experience.

According to reports, the upcoming development will consist of a hotel comprising 29 stories and boasting over 670 rooms and suites. Additionally, there will be a casino spanning 200,000 square feet, featuring 2,500 slot machines, 150 table games, and a poker room with over 90 tables.