The $7.5 million settlement payment Wynn Resorts Chairman and CEO Steve Wynn paid to a former employee involved a paternity claim, Bloomberg News reported Friday.
The University of Pennsylvania announced Thursday that it will remove casino mogul Steve Wynn’s name from a campus plaza and revoke honorary degrees given to him and comedian Bill Cosby in the wake of sexual misconduct allegations against both men.
Shares of Wynn Resorts Ltd. rose modestly on Thursday, gaining $4.84 or nearly 3 percent to close at $170.43.
A settlement reached in a 2016 case involving sportsbook operator CG Technology could provide a roadmap for regulators as they work their way through investigating allegations that Wynn resorts chairman and CEO Steve Wynn demanded sexual favors from and assaulted female hotel employees over the last three decades.
When state gaming regulators pursue an investigation into the sexual misconduct allegations Steve Wynn is accused of, they would need to determine that his actions represented a detriment to gaming and hurt the reputation of the state in order to discipline him.
The China arm of Steve Wynn’s casino empire said Tuesday it will comply with Macau regulators as they seek more information about sexual misconduct allegations against the Las Vegas billionaire.
Massachusetts casino regulators said Monday they would hold a special meeting to discuss sexual misconduct allegations against Las Vegas billionaire Steve Wynn , whose company is building a $2.4 billion casino just outside Boston.
Some Republicans in Congress – including Nevada’s Sen. Dean Heller — are giving political contributions from Las Vegas casino kingpin Steve Wynn to charity in light of sexual misconduct allegations against the former Republican National Committee finance chairman.