A day after state regulators ruled that Wynn Resorts can retain its gaming license, the Las Vegas gambling giant said Wednesday it was “focused on a successful launch” of its Everett casino.
The Massachusetts Gaming Commission Tuesday ruled that Wynn Resorts can retain its state license to open the $2.6 billion resort casino along the Mystic River, while imposing a $35 million fine against the company for the actions of former executives who covered up sexual misconduct accusations against the company’s founder and former CEO, Steve Wynn.
With the commission’s review over, Wynn Resorts said Wednesday it is focused on the June opening of Encore Boston Harbor, “and the recruiting and training of 5,500 team members who will be bringing Greater Boston and New England a luxury hospitality and entertainment experience unlike anything the region has ever seen.”
In its decision, the commission found that “the corporate culture of the founder-led organization led to disparate treatment of the CEO in ways that left the most vulnerable at grave risk. While the company has made great strides in altering that system, this commission remains concerned by the past failures and deficiencies.”
The current Wynn Resorts chief executive, Matthew Maddox, will be fined $500,000, according to the commission’s decision. Maddox, along with all the company’s current crop of top leaders, is suitable to run a gambling company in Massachusetts, the commission concluded.
In its statement on Wednesday, Wynn Resorts emphasized changes the company has undertaken after the misconduct allegations that triggered a state investigation came to light.
“Wynn Resorts CEO Matt Maddox and the Board of Directors have worked diligently to make the important and necessary changes to the Company’s corporate leadership, governance, compliance programs and Human Resources policies,” read the statement.
Tuesday’s ruling came after more than a year of uncertainty for the casino, even as crews continued to build the 27-story structure that can be seen from Interstate 93. In addition to the jobs, the casino is expected to bring in hundreds of millions of dollars in payments to Everett and neighboring municipalities, to state government through gambling taxes, and to private vendors who provide supplies and services to the casino.