Former CEO and founder of Wynn Resorts, Steve Wynn, is still battling several legal issues. This issues are from his several sexual misconduct allegations leveled against him by several workers. Thing are taking a turn for the worse as, the rumor mill is buzzing again.
Due to the how bad its reputation has been soiled, there’s a possibility that the casino operator may undergo a rebrand which will include a name change.
The NGCB (Nevada Gaming Control Board) filed a five-count charge against Wynn in October. The agency stated that allegations of sexual misconduct levied against Wynn violated the licensing suitability regulations of the state. Due to this fact, they want the Nevada Gaming Commission to fine the billionaire heavily.
According to Casino, Wynn’s lawyers countered the charges with a motion to dismiss containing 25 pages. They argued that the NGCB did not have jurisdiction over their client anymore.
“The specific question presented is: Has the Nevada Legislature expressly or implied authorized Nevada’s gaming regulators to discipline a person who no longer has any involvement with a Nevada gaming licensee and, thus, no longer poses an alleged threat to the industry or the public at large?” the motion asks. “We submit the answer to that question is a resounding ‘No.’”
The response of the board as regards Wynn’s motion will hold tomorrow, on the 27th of November. In the meantime, what we’re hearing is that the Wynn Resorts may not stand for long.
Stripping The Wynn Name
Scott Roeben, who happens to be an insider in Las Vegas manages the popular @VitalVegas Twitter account. They say the embattled company is trying all it can to distance itself from Mr. Wynn.
According to Vital Vegas, the issue was put on the table when the Wynn scandal broke out, and from the look of things, they’re revisiting the request again. This was necessitated by the actions of the Nevada Gaming Control Board.
Roeben had this to say,
“It would obviously be massively expensive, but it’s always been hard to imagine the name staying, given what happened.” Roeben added, however, that, for now, the gossip “falls firmly into the unsubstantiated rumor category.”
From past dealings, we haven’t seen any situation where the commission has forced a licensed casino operator to change its name. In February, the company was fined a sum of $20 million because it failed to govern itself and it also failed to protect staff against all forms of sexual harassment.
Nevada wants to try all they can to distance itself from Wynn. A follower of Vital Vegas had this to say:
“Benny Binion was a gangster and a murderer and his name is still on the building.”
As luck would have it for Binion’s Gambling Hall, they are not as notorious as Wynn Resorts. To some people, Wynn has is synonymous with luxury and opulence. To others, he is just a billionaire who allegedly harassed female workers sexually for decades.
