Health Care

Gov. Baker Defers To Mass. Gaming Commission To Handle Wynn Resorts Matter

Gov. Baker Defers To Mass. Gaming Commission To Handle Wynn Resorts Matter

Wynn Resorts' board has formed a special committee to investigate sexual misconduct allegations involving Chairman and Chief Executive Steve Wynn, the company said late Friday.

The Deutsche Bank analysts said in their Monday note that in the case of Wynn Resorts specifically, Mr Wynn's "influence on operations, the brand, and the investment community, is more pronounced than that of the majority of his peers".

Steve Wynn attends the Forbes 100th Anniversary Gala at Pier Sixty on Tuesday, Sept. 19, 2017, in NY. He also said in a statement that the whole situation was engineered by his former spouse Elaine Wynn, who has been trying to regain control over her stake in Wynn Resorts after her ouster from the company in 2010.

In a written statement, Wynn strongly denied the allegations, saying they stemmed from an ongoing divorce battle with his ex-wife.

Morgan Stanley and Union Gaming Group LLC downgraded their ratings on Wynn Macau stock yesterday, after the Wall Street Journal reported that Wynn - a casino industry stalwart - pressured massage therapists and a former resort manicurist to perform sex acts.

The RGA received $250,000 from Wynn Resorts in December 2016, according to records provided by liberal advocacy group One Wisconsin Now. Institutional Shareholder Services Inc., the proxy advisory firm, a year ago gave Wynn Resorts its worst ranking for governance risk. And former Newton Mayor Setti Warren said if the RNC can't work with him anymore, MA shouldn't either.

Gov. Charlie Baker said if the allegations are true, they would violate the commission standard that a casino operator be of good character. His name has become synonymous with casino.




"Since the beginning, my support for Wynn in Everett stemmed from the job opportunities, economic growth, and development of the unusable contaminated land, all of which would positively impact our community and region for years to come", he said.

No sizable upside opportunity exists until the company reaches the $150-per-share level, he said. "I can tell you that the statute provides the Commission with broad authority over the status of a gaming license".

Warren, also a Democrat, said it's "clear that Steve Wynn is not a good partner for MA".

The NHGOP refused and issued its own demand - that the NHDP return any and all contributions the party received either directly or indirectly from Hillary Clinton after reports surfaced that she refused to have a senior campaign staffer fired amid sexual harassment allegations a decade ago.

The group received a contribution of $100,000 from Wynn Resorts in September for the 2018 campaign.

Katie Lannan contributed reporting.


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