Wynn Resorts Settles Sexual Misconduct Lawsuit With 9 Women
After a years-long court battle, Wynn Resorts and nine unnamed women have agreed to settle a lawsuit that alleged the company failed to investigate sexual harassment claims against former CEO Steve Wynn.
Attorneys for both parties filed settlement documents with the U.S. District Court in Las Vegas, according to the Associated Press, but the settlement agreements weren't disclosed.
Wynn Resorts didn't respond to a request for comment from Bisnow Friday.
Allegations against Steve Wynn came to light in 2018 when dozens of victims came forward with stories of sexually inappropriate behavior, including rape. The allegations spanned decades, and the misconduct reportedly occurred at various casinos.
Wynn has continued to deny the allegations against him but formally resigned as CEO in February 2018.
In 2019, the Nevada Gaming Control Board published a report that indicated Wynn Resort C-suite members had known about Wynn's sexual misconduct claims for years and failed to take action.
Although many of these claims had been settled in court previously, including a $7.5M settlement with a manicurist who accused Wynn of forcing her to have sex with him and impregnating her, other lawsuits have come forward, The Wall Street Journal reported in 2018.
In 2019, the Massachusetts Gaming Commission imposed a $35M fine against Wynn Resorts, and an additional $500K fine against then-CEO Matthew Maddox, after an investigation into how much executives knew about Wynn's misconduct. The fines came just weeks before the company was set to open its Encore Boston Harbor in Everett, Massachusetts, and judge ruled that Wynn Resorts could still hold the license.
In addition to the Massachusetts casino, Wynn owns large hospitality properties in Las Vegas and Macau. A publicly traded company, Wynn has a market cap of around $10.8B.
