Wynn Resorts, CEO Matt Maddox Meeting Demands Of Massachusetts Settlement

As Wynn Resorts struggles to boost returns at its new Boston area gambling resort, the gaming company faces an additional challenge: complying with some of the toughest regulatory conditions ever issued by a gaming regulator in the United States.

The Massachusetts Gaming Commission (MGC) last spring levied a $35m fine against Wynn Resorts stemming from the sexual abuse scandal involving its former chairman Steve Wynn, who has since stepped down from the company he co-founded in 2002.

The commission also hit CEO Matt Maddox with a $500,000 fine for his handling of the allegations against Wynn, which Wynn has denied, citing a serious lack of judgement.

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