Steve Wynn to Pay $10M Fine to Settle Complaint With Nevada Gaming Regulators

An exterior view Wynn hotel-casino in Las Vegas, Nev., on Feb. 7, 2018. Steve Marcus/Reuters

Gaming Executive Steve Wynn will pay a fine of $10 million and will agree to never again have any involvement in Nevada’s gaming industry, according to a settlement document filed Wednesday with the Gaming Control Board.

If the Nevada Gaming Commission signs off on the settlement, possibly as soon as next week, it will end the four-year legal dispute between state gaming regulators and Wynn. The control board filed a five-count complaint against Wynn in October 2019, seeking to deem him unsuitable to hold a gaming license over allegations of sexual abuse and misconduct against female employees during his time as chairman and CEO of Wynn Resorts.

The Settlement’s Terms

Under the settlement terms, Wynn will agree to never serve as an officer or executive with a Nevada gaming company but will not be precluded from having “passive ownership” of less than 5 percent of any licensed gaming company.