Massachusetts' Gaming Commission places Wynn probe up priority list

Massachusetts officials have this week confirmed the status of priority they have conferred to their investigation of Wynn Resorts Ltd. and the sexual misconduct allegations against its founder.

Massachusetts officials have claimed their focus will be placed on what company executives and board members knew about the claims against Wynn. However, in the words of Loretta Lillios, deputy director of investigations and enforcement on Thursday, "the bureau won’t provide any details about the probe of the casino company, and former Chief Executive Officer Steve Wynn, until the investigation is complete."  

The Las Vegas-based company is building a $2.4 billion resort just outside of Boston. The allegations have prompted similar investigations in Nevada and Macau, where Wynn Resorts already owns casinos.

Investors have been watching the investigations because of their potential impact on the company. Regulators have broad authority to revoke gaming licenses, require changes at companies so that they comply with state rules and even force individuals to divest from casino companies if they are found to be unsuitable.

Wynn stepped down from the company that bears his name earlier this month, citing an “avalanche” of negative publicity that was making it difficult for the company to do business. He has denied assaulting any women. The executive was replaced by the company’s then-president, Matt Maddox.