ONLY A SELECT group associated with Wynn Resorts knew the company’s security chief had put the founder’s ex-wife and his former business partner under surveillance, James Stern told gambling regulators. Stern, a former FBI agent who has worked for the international casino company for a dozen years, said he surveilled Elaine Wynn when she was […]
Steve Wynn
Posted inGambling
Why a $20m fine looks like a Wynn win
WYNN RESORTS WAS HIT with $20 million fine yesterday by Nevada casino regulators, by far the largest sanction ever handed down there — and the company’s honchos were probably high-fiving each other afterwards, letting out sighs of relief that reached all the way to Everett 2,700 miles away. Such is the strange world of gambling, […]
Posted inThe Download
Why a $20m fine looks like a Wynn win
Wynn Resorts was hit with $20 million fine yesterday by Nevada casino regulators, by far the largest sanction ever handed down there — and the company’s honchos were probably high-fiving each other afterwards, letting out sighs of relief that reached all the way to Everett 2,700 miles away. Such is the strange world of gambling, […]
Posted inThe Download
Boston Magazine gets only half the story
Boston Magazine’s recent story about the state’s embrace of Steve Wynn and Wynn Resorts tells only half the tale. The article by Michael Damiano seeks to portray the Massachusetts Gaming Commission and its former chairman Stephen Crosby as toadies eager to bend their own rules to land Wynn’s casino in Everett. The commission and Crosby certainly […]
Posted inGambling
Kim Sinatra leaving Wynn Resorts
WYNN RESORTS IS PARTING WAYS with a top executive who apparently had been aware of a $7.5 million private legal settlement Steve Wynn had negotiated with a former employee to settle allegations of sexual misconduct. In a short, two-sentence filing with the Securities and Exchange Commission on Thursday, Wynn said Kim Sinatra would step down […]
Posted inThe Download
Kim Sinatra leaving Wynn Resorts
Wynn Resorts is parting ways with a top executive who apparently had been aware of a $7.5 million private legal settlement Steve Wynn had negotiated with a former employee to settle allegations of sexual misconduct. In a short, two-sentence filing with the Securities and Exchange Commission on Thursday, Wynn said Kim Sinatra would step down […]
Posted inGambling
Hustle up Gaming Commission
It may be time for the Massachusetts Gaming Commission to make up its mind about the suitability of Wynn Resorts to open a casino in Everett because the uncertainty is starting to take a toll. Wynn CEO Matt Maddox hosted a conference call with financial analysts on Tuesday after the release of the company’s first […]
Posted inThe Download
Hustle up Gaming Commission
It may be time for the Massachusetts Gaming Commission to make up its mind about the suitability of Wynn Resorts to open a casino in Everett because the uncertainty is starting to take a toll. Wynn CEO Matt Maddox hosted a conference call with financial analysts on Tuesday after the release of the company’s first […]
Posted inGambling
Steve Wynn’s residual influence
Steve Wynn is gone from the company that bears his name, but is his influence really gone? It’s a question the members of the Massachusetts Gaming Commission are starting to grapple with as they decide whether the alleged sexual misconduct that cost Wynn his job will also cost the company its Massachusetts casino license. Wynn […]
Posted inGambling
Has Wynn’s luck run out?
It was a good run for Wynn Resorts, the gambling behemoth that landed the big prize in the state’s casino sweepstakes when it was awarded the one license to run a casino (i.e., print money) in the Boston region. But as the company moguls well know, luck is fickle thing. Indeed, their entire business model […]