The Nevada Gaming Commission is meeting to hear a stipulation for a settlement that calls on casino mogul Steve Wynn to pay $10 million over claims of workplace sexual misconduct.
's legal battle with Nevada gambling regulators over workplace sexual misconduct is ending on Thursday with a settlement that requires him to pay a $10 million fine and sever nearly all connections to the industry.
The Nevada Gaming Commission had a meeting planned to accept a deal in which the 81-year-old doesn't acknowledge any wrongdoing. The stipulation for the settlement, shared in an email with FOX Business on Thursday, was signed on July 17 by Wynn and members of the investigatory Nevada Gaming Control Board.
The board alleged that his actions and/or inactions had "constituted a failure to exercise discretion and sound judgment to prevent incidents that have reflected negatively on the reputation of the gaming industry and the State of Nevada."Furthermore, Wynn was accused of conduct "inimical to the public health, safety, morals, good order and general welfare" of Nevadans and conduct that "has reflected discredit upon the State of Nevada and the gaming industry.
"For clarity and the avoidance of doubt, in no event shall respondent have any direct or indirect control, authority, advisory role or decision-making power related to the operations of a business encompassed by this Paragraph 4 regardless of the amount of stock owned," the stipulation reads.A violation of the stipulation could result in a finding of "unsuitability" for
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