Wynn Resorts will continue to operate in Massachusetts despite copping financial sanctions from the state regulator.
In a ruling handed down earlier this week, the Massachusetts Gaming Commission (MGC) fined the casino giant $35 million for failing to report the multiple claims of sexual misconduct made against the company’s founder and former chief executive, Steve Wynn.
SEE ALSO: ONLINE CASINOS IN THE USA
The incumbent CEO, Matthew Maddox, was also hit with a $500,000 penalty for ignoring employee complaints on at least one occasion.
Wynn’s gaming licence was not revoked, however, and the firm will press ahead with plans to launch the Encore Boston Harbor casino and resort in Everett later this year.
“While the company has made great strides in altering that system, this Commission remains concerned by the past failures and deficiencies,” the MGC said in a statement.
“Given our findings, it is now in the interest of the Commonwealth that the gaming licensee move forward in establishing and maintaining a successful gaming establishment in Massachusetts.”
A similar verdict was reached earlier this year by the Nevada Gaming Control Board, which fined Wynn $20m but stopped short of scrapping the company’s casino licence.
More gambling news
SkyCity to launch NZ online casino with GiG
SkyCity Entertainment is hoping to fill a hole in the company's revenue streams by teaming with Gaming Innovation Group to create an online gambling platform...
UKGC fines online casino operators £4.5m for standards breaches
The Gambling Commission has upped the ante in its ongoing campaign for consumer protection, handing out £4.5 million in financial penalties to a quartet of...
Japan ups the ante on gambling education in schools
Japan's education ministry has drawn up reference materials for school teachers to help combat addiction to gambling, drugs and other activities among the nation's youth.
Osaka emerges as prime location for integrated casino resort
With the likes of Tokyo, Yokohama and Nagoya showing little interest in integrated resorts, Osaka stands alone as the premier destination for one of Japan's...
Vietnamese police bust $1bn online gambling racket
Police in Vietnam have arrested 22 people in connection with an illegal online gambling ring that is believed to have processed more than US $1...
Latest casino promotions
Get up to 300 free spins this Saturday at Wild Tornado Casino
Looking for some extra value this weekend? Log in at WildTornado.com between 2pm and 6pm to unlock as many as 300 free spins on select...
Cash in with Wild Casino’s 100% Reload Bonus every month
Does your bankroll need a bit of a boost? Find out how you can score a 100% Reload Bonus every month at Wild Casino.
Get a 40% bonus up to $100 every Wednesday at SlotsMillion
Feeling fancy? Suit up for Gentlemen's Night at SlotsMillion.com every Wednesday and get a 40 per cent bonus up to $100 on every deposit.
Win a share of $50k with Wild Casino’s monthly leaderboards
Real money players at Wild Casino can win a share of $50,000 in cash prizes every month with the Slots Scramble and Table Runner leaderboard...
Pocket up to $250 bonus cash every Monday at Kahuna Casino
Got a bad case of the Mondays? Find out how you can chase away those blues with up to $250 bonus cash at Kahuna Casino.