Wynn Resorts has issued a full and frank statement in response to the Nevada Gaming Commission‘s final resolution of the investigation into the response of certain employees to allegations against the company’s founder, former CEO and Chairman Steve Wynn.
Said the firm: “This brings to a conclusion the Nevada gaming regulators’ review of who in the company was aware of allegations against the company’s founder and former CEO. We are pleased that the Nevada Gaming Commission has recognized the company’s transformation and ‘refreshed culture’ over the course of the last 12 months and acknowledged the ‘paradigm shift’ that has occurred within the company.
“The completion of the review by Nevada regulators is an important step forward, and we deeply appreciate the trust and confidence they have placed in the new leadership of Wynn Resorts to ‘grow and prosper.'”
Over the past year, Wynn has taken a series of remedial actions, several of which were recognized by the Commission during the hearing. They include the execution of a separation agreement with founder Steve Wynn that paid him no severance and arranged for liquidation of all his Wynn Resorts shares.
The company also separated the roles of CEO and Chairman of the Board, consistent with current corporate best practices and appointed Matt Maddox as CEO. Additionally, it said it has ensured that any employee who was aware of allegations of sexual assault against Steve Wynn and did not investigate or report it is no longer with the company.
Wynn confirmed that under the leadership of CEO Matt Maddox it has, among other initiatives, launched enhanced workplace compliance and prevention of sexual harassment training for all employees, created a women’s leadership council to promote equality within the workplace and implemented new diversity, inclusion and unconscious bias training for all employees taught by third-party experts.
