The gambling regulators for Massachusetts have fined the Wynn Resorts a sizeable $35 million, but in doing so they allowed the company to retain it’s state casino license, with regulators also giving the go ahead for a new Boston area resort.
The fine from the Massachusetts Gaming Commission comes about as a result of a year long investigation into the allegations of sexual assault, misconduct and other inappropriate behaviour, within the Wynn Resorts Group. With the MGC stating in a press release: “Ensuring public confidence in the integrity of the gaming industry and the strict oversight of the gaming establishments through rigorous regulation is our principal objective.”
“Our licensees will be held to the highest standards of compliance, including an obligation to maintain their integrity. The law of Massachusetts affords the Commission significant breadth in our decision making. With that comes an equally significant duty of fairness. We are confident that we have struck the correct balance and met our legal and ethical burdens.”
With the Massachusetts Gaming Commission further commenting: “Wynn Resorts, Wynn MA, LLC and its qualifiers remain and are suitable to maintain the Region A Category-1 gaming license, subject to the fines and conditions set forth in the decision.”
As well as the $35 million fine bestowed on Wynn Resorts, the MGC also hit Wynn’s CEO Matthew Maddox with a $500,000 fine. With the MGC also ordering an independent audit of the group’s recent organizational changes.
