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Could an Asian Wynn Resorts Buyout Happen? Experts Say It’s Possible, and Steve Wynn Can’t Stop It

Jim Murren Steve Wynn sex scandal

It’s been a whirlwind few weeks for Wynn Resorts and its recently dethroned ex-leader, Steve Wynn. But gaming industry analysts think the rollercoaster ride may not have ground to a halt just yet. They believe a company takeover is, in fact, likely, with potential suitors being large conglomerates in Asia, or even competitor MGM Resorts….Read More

CEO Steve Wynn Steps Down After Weeks of Sex Scandal Rumors, Stock Price Rebounds on News of Resignation

Steve Wynn resignation scandal

Wynn Resorts Chairman and CEO Steve Wynn has submitted his resignation to the company he founded, amid an expanding sexual misconduct scandal that was hurting both the company’s stock prices and convention business. The company issued a statement early Tuesday evening confirming Wynn’s departure. The 76-year-old, credited with playing the most significant role in developing…Read More

Las Vegas Review-Journal Knew About Steve Wynn Allegations 20 Years Ago, Settlement LLC Revealed

Las Vegas Review-Journal Steve Wynn

The Las Vegas Review-Journal almost exposed the sexual misconduct allegations now being brought to light against casino magnate Steve Wynn two decades ago, but editors at the time opted to kill the report after meeting with attorneys representing the billionaire. Nevada’s largest newspaper, the Review-Journal admitted this week that after canning the article, journalist Carri…Read More

Wynn Resorts Hires Prominent Law Firm to Assist in Sexual Misconduct Scandal

Wynn Resorts sexual misconduct

Wynn Resorts has hired Los Angeles-based law firm O’Melveny & Myers to assist the casino conglomerate in handling the sexual harassment claims being made against its founder and CEO Steve Wynn. The prominent international law firm specializes in white-collar defense, and recently represented Trump University, President Donald Trump’s defunct for-profit real estate training program. In…Read More

Massachusetts Seeks Plan B in Case Wynn Boston Harbor Sunk by Suitability Probe

US Representative Michael Capuano wants Plan B for Wynn Boston Harbor

Massachusetts lawmakers are pushing for a ‘Plan B’ in case state regulators deem Steve Wynn and Wynn Resorts unsuitable to be licensed for the Wynn Boston Harbor. The company’s eponymous CEO is facing an investigation by the Massachusetts Gaming Commission over what the Wall Street Journal has called “a decades-long pattern of sexual misconduct.” Meanwhile,…Read More

South Carolina Lottery in Lawsuit Hell After Printing 42,000 Winning Tickets on Christmas Day

Is South Carolina Lottery the victim of a Bad Santa?

The South Carolina Lottery is facing a lose-lose situation over a botched lottery game that allowed everyone who played it to win-win. For players of the Holiday Cash Add-A-Play game, it was like Christmas had come early, except that it actually was Christmas, so in this case Christmas was pretty much bang on time. Because,…Read More

DraftKings Will ‘Go After’ Sports Betting, says CEO

DraftKings’ sports betting is on, says Jason Robins

It’s official: a DraftKings’ sports betting platform will happen if the US Supreme Court strikes down the federal ban later this year. CEO Jason Robins dropped the highly anticipated bombshell to the Associated Press on Thursday. DraftKings would “certainly be going after it,” he said. I think the Supreme Court – I’m hopeful – will…Read More

New Rumors Swirl That $7.5 Million Wynn Payout Involved Paternity Suit, as CEO Tells Employees Company Has ‘Family Culture’

Startling new information about Steve Wynn coming from Bloomberg News suggested on Friday that the $7.5 million payout made to a female employee with whom the CEO allegedly had non-consensual sex may have been made to quell a paternity suit. Bloomberg notes in its story that while no actual evidence exists to support such rumors,…Read More

China Eyes Hainan Island for Second Gambling Hub, Macau Casino Stocks Dive

Hainan to become second Chinese casino hub?

China’s Hainan Island could soon be competing with Macau for gamblers from the mainland following reports that officials in Beijing are considering transforming the southern tourist destination into the country’s second legal gambling hub. The news, which came a day after the Macau gaming regulator reported 18 consecutive monthly gains and more than 36 percent…Read More

Las Vegas Police Say Nobody Witnessed Stephen Paddock Suicide

Stephen Paddock

Las Vegas police cleared up one of the more confusing aspects of the timeline surrounding the October 1 shooting at the Route 91 Harvest music festival, confirming that while Stephen Paddock killed himself, nobody actually witnessed him doing so. According to Sgt. Jerry MacDonald of the Las Vegas Metropolitan Police Department, Paddock was already dead…Read More

Steve Wynn Investigation Launched by Nevada Gaming Control Board, Potential Penalties Significant

Steve Wynn sexual misconduct scandal

Steve Wynn is the subject of a formal Nevada Gaming Control Board (NGCB) investigation, as the state regulator confirmed this week that it’s reviewing the sexual misconduct allegations being made against the Las Vegas tycoon. Last week, the Wall Street Journal published a report with claims from numerous female Wynn Resorts workers that allege the…Read More

Wynn Boston Harbor Massachusetts Gaming License to Get State Regulator Review in Wake of WSJ Sex Scandal Report

Wynn Boston Steve Wynn scandal

The legitimacy of Wynn Resorts’ Boston Harbor casino license in Massachusetts will be reviewed by the state’s gaming regulatory agency, after sexual allegations surrounding the company’s founder and CEO came to light late last week. The Massachusetts Gaming Commission (MGC) will hold a public meeting on Wednesday, January 31 at 2 pm “to discuss recent…Read More

Wynn Resorts Stocks Now a Risk, Gaming Analysts Say, As Steve Wynn Sex Scandal Repurcussions Hit Hard

Wynn Resorts stock sexual misconduct

Investing in Wynn Resorts, publicly traded on NASDAQ and China’s Hong Kong Stock Exchange, has become a riskier endeavor in the wake of the sexual misconduct allegations surrounding the company’s billionaire founder and CEO, Steve Wynn. That’s the view of several key industry analysts following a weekend where the finance chair of the Republican National…Read More

Steve Wynn Latest High-Profile Las Vegan Accused of Sexual Misconduct and Assault, Billionaire Calls Claims ‘Preposterous’

Steve Wynn sexual misconduct allegations

Casino developer Steve Wynn has joined a club he never wanted to belong to, as he now stands accused of sexual misconduct and assault by numerous former female employees. The allegations appeared in a new scathing report published on Friday in The Wall Street Journal. The media outlet alleges that Wynn routinely pressured massage therapists on…Read More

Las Vegas Illusionist David Copperfield Can’t Make 30-Year-Old Sexual Assault Accusations Vanish

David Copperfield

Multimillioniare magician and entertainer David Copperfield has responded to allegations that he drugged and sexually assaulted an underage model 30 years ago. Brittney Lewis, 47, told media and entertainment news website TheWrap on Wednesday that the alleged incident occurred after she met the now 61-year-old Copperfield in 1988, at the “Look of the Year” modelling…Read More