After a long time of hideout, disgraced casino tycoon Steve Wynn, emerged last week at Craig’s in Los Angeles with his wife. Wynn sightings have been few and far since January 2018 when The Wall Street Journal exposed years of alleged sexual misconduct committed by the Las Vegas visionary.
The casino company Wynn founded and that still bears his name agreed last week to settle shareholder lawsuits for $41 million. According to casino.org, $20 million of the settlement will come from Steve Wynn himself. Forbes estimates Wynn’s fortune to stand at $3.2 billion.
Last week, the Nevada Gaming Control Board (NGCB) fired back at Wynn’s attorneys’ motion to dismiss a five-count complaint imposed by the state gaming regulator that seeks to further penalize the billionaire.
The NGCB responded that Wynn seemed to argue that he could individually cut off the commission’s subject matter jurisdiction by leaving Wynn Resorts, but no section of the Gaming Control Act supported his proposition– a licensee’s surrender of his license is only effective when the commission accepts it.