LUN 29 DE ABRIL DE 2024 - 08:36hs.
US market

Wynn removed from list of qualifiers for Boston casino

Lawyers representing both Steve Wynn and Wynn Resorts have lodged a request to the Massachusetts Gaming Commission to take the former casino CEO off its list of qualifiers, a record of crucial executives needed for a licence approval to be approved on the basis of suitability reviews.

Massachusetts Gaming Commission spokeswoman Elaine Driscoll said: “The Commission has recently received requests from attorneys representing Steve Wynn, Wynn Resorts Limited and Wynn MA LLC that Steve Wynn no longer be considered a qualifier for Wynn Boston Harbor based on his resignation and divestiture from Wynn Resorts.”

She added that whilst the Commission intends to discuss the process for handling the requests, it won’t actually cast votes on the requests themselves.

Steve Wynn stepped down as CEO of Wynn Resorts earlier this year following accusations of sexual misconduct and has since offloaded his stake in the company.

Greg John, Executive Director of Brand Marketing for Wynn Boston Harbor, said: “With the resignation of Steve Wynn as Chairman and CEO and the completed sale of his shares in Wynn Resorts, it is appropriate to have him removed as a qualifier for Wynn MA in Massachusetts. Steve Wynn is fully separated from the company and completely removed from all ownership, strategic and operational functions.”

If following the completion of investigation, the gaming Commission decides Wynn Resorts should no longer be its chosen operator or indeed if Wynn Resorts decides to sell then the Commission will need to transfer the license to a company not yet present in the state as and under the commission’s regulations a company can’t operate two casino licenses in Massachusetts.

Source: GMB / G3 Newswire