According to several reports released by Inside Asian Gaming and GGRAsia, Wynn Macau Limited is one of the most prominent names in the casino gaming industry in Asia. This Wynn Resorts Limited Asian subsidiary is responsible for the iconic Wynn Macau venue as well as even more impressive Wynn Palace Cotai. Both of these facilities were forced to shut down their operations for a fifteen-day period back in February as part of the local environment’s efforts to prevent the spread of the new coronavirus strain.

Wynn Macau Limited

The company which operates and owns Wynn Macau Limited, Wynn Resorts Limited emerged on the scene in 2002 or eighteen years ago. This publicly-traded company is based in Nevada. It is one of the major developers and operators of luxurious hotels and casinos. Founded by Steve Wynn, the company is now run by Matthew Maddox. As of this year, Wynn Resorts Limited has developed six properties while several of its flagship properties have finally earned five-star status on the FTG or the Forbes Travel Guide including its Encore Las Vegas and Wynn Las Vegas venues.

When it comes to Wynn Macau Limited, it is one of the leading casino developers and operators in Asia which as previously mentioned is responsible for Wynn Macau and Wynn Palace Cotai. Wynn Macau is a high-end casino and luxury hotel resort located in Macau that opened back in 2006. The property features two hotel towers that are packed with over one thousand rooms alongside a massive 273,000 casino space and over 59,000 square feet of retail space. Other amenities include dining restaurants, a swimming pool, salon, and two spas.

The company’s even more impressive Wynn Palace Cotai opened its doors to the public in August of 2016. This is the company’s second high end integrated casino and hotel resort located in Macau, the Cotai Strip region. The property is packed with a twenty-eight-story hotel with over one thousand and seven hundred rooms and hotel suites. The property is also packed with massive retail space, meeting facilities, fine dining restaurants as well as 424,000 square feet casino space.

Coronavirus-Related Complications

Following coronavirus-related lockdowns and closures of its facilities, Wynn Macau Limited has struggled to reenergize its operations. The subordinate has also struggled greatly in the wake of the re-opening of its properties back on the 20^th of February due to the local government’s ban which restricted visitors from mainland China.

Despite these initial struggles, Wynn Resorts Limited’s Chief Executive Officer Matt Maddox said in one of his recent conference calls that the company’s subordinate will most likely bounce back quickly once restrictions related to the ongoing coronavirus pandemic are eased. He said to the company’s investors that there is a great demand for such activities and he believes that there will be demand for such activities in Macau as well. The casino operator’s boss also added that Wynn Macau Limited depends on the high-end segment of the market which in his words will most likely come back first in the former Portuguese enclave.

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The five-count complaint also seeks to have the former Wynn Resorts Limited CEO and Chairman fined as well. Before these actions, the seventy-seven-year-old Steve Wynn resigned as CEO and Chairman of Wynn Resorts Limited. One month later, he also sold his entire stake in the company.

When it comes to the complaint against which alleges, he was harassing female employees and then using private settlements to hush such allegations, it was signed by the Nevada Gaming Control Board’s Chair Sandra Morgan alongside Terry Johnson, and Philip Katsaros. Naturally, these allegations and actions taken have harmed Steve Wynn’s reputation as well as the reputation of Wynn Resorts Limited. One month after the five-count complaint was filed, Steve Wynn decided to respond.

Steve Wynn Filing a Motion

The former Wynn Resorts Limited CEO and Chairman Steve Wynn has responded to the five-count complaint by Nevada’s gaming regulator by filing a motion in that he asks the regulator to completely dismiss the complaint which was lodged in October. According to one Las Vegas Review’s report, the five-count complaint which was filed on the 14^th of October claims that Steve Wynn violated suitability rules posed by the state’s regulator.

According to the same news outlet, Steve Wynn decided to respond with his own twenty-five-page motion in which he requests from the Nevada Gaming Control Board to dismiss the complaint owing to the fact that he has left the company and that he no longer has any power nor any financial interested in Wynn Resorts Limited which is behind iconic properties including Encore Boston Harbor and Wynn Las Vegas.

It was also reported by the same newspaper that Steve Wynn’s motion states that the Nevada Gaming Control Board does not hold any legal jurisdiction which will allow it to discipline an individual who is no longer involved with a company that holds gaming licenses issued by the state’s regulator. In his motion, Steve Wynn who resigned from his position at Wynn Resorts Limited also says that he no longer poses any kind of threat to the entertainment and gaming industry, as he retired from it.

Maintaining His Innocence

Steve Wynn has maintained his complete innocence since resigning from the company. However, the state’s regulator still has jurisdiction over Steve Wynn and nine other employees who have also resigned. Since it has jurisdiction, the Nevada Gaming Control Board placed administrative holds on gaming licenses for these individuals including Steve Wynn.

Nonetheless, Steve Wynn disagrees with this, so he used his recently filed motion to say that the five-count complaint by the state’s regulator does not cite any regulation or any statute which could provide it with the required ability to pose administrative holds on him nor on other individuals who were associated with Wynn Resorts Limited before resigning. The state’s regulator has until the 27^th of November to respond to Steve Wynn’s motion after that the two parties could potentially face off in a court hearing in December.

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According to the same news outlet which revealed the news, an investigation conducted by the Nevada Gaming Control Board alleges that Steve Wynn violated his Nevada-issued gaming licensing by sexually harassing several female employees. The same news outlet also reported that the seventy-seven-year-old former owner and CEO of Wynn Resorts Limited who currently lives in Florida resigned from this position in February of 2018.

After his official resignation at the positions, Steve Wynn also sold his while stake in the casino company. Before this, Steve Wynn faces numerous publications by prominent news outlets including The Wall Street Journal which expressed claims that the business mogul had sexually harassed female workers. It was also revealed that Steve Wynn used private settlements in order to hush up these allegations.

Massive Damage to the Reputation

It is needless to say that these allegations led to massive reputation damage not only to Steve Wynn but also for Wynn Resorts Limited. The official lawsuit against Steve Wynn was signed by the Nevada Gaming Control Board’s officials including Sandra Morgan, Terry Johnson, and Philip Katsaros. The Nevada-based regulator said that the allegations in question here, as well as the alleged actions, have harmed the development and reputation of the entire state’s gaming industry.

The first count of the official complaint addresses the failure by Steve Wynn to abide by his company’s policies related to sexual harassment. After the Nevada Gaming Control Board’s official investigation into the issue found strong evidence of several instances of sexual harassment by Steve Wynn, the board of officials finally filed this five-count complaint.

The investigation also in detail shared all incidents including the one from 2005 when Steve Wynn sexually harassed an employed manicurist and later on offered a private settlement worth around $7.5. Another similar incident happened in 2006 when Steve Wynn handled payment of around $975K to a waitress to keep quiet about being sexually harassed.

As reported, Steve Wynn continually denied all of these accusations even though his former company was fined around $20 million by the Nevada-based Gaming Commission for failing to efficiently investigate claims from eight female workers. This was not the only fine that Wynn Resorts Limited was ordered to pay as the company was forced to handle over $35 million amid allegations that the company failed to appropriately divulge those secret payments from its former boss at the time of applying for a gaming license for the Encore Boston Harbor facility.

The Company Abandoning the Race for Osaka Casino License

After the news about Steve Wynn facing more legal issues emerged, his former company’s officials revealed that Wynn Resorts Limited is abandoning the race for operating a fully integrated casino and hotel resort in Osaka. With this move, Wynn Resorts Limited became the third international, foreign company to announce that it has given up this race.

The Las Vegas-based company used its official press release to declare that it will now focus on securing necessary licenses to construct and operate one of the nation’s upcoming casino resorts which are planned for the Kanto area which is home to Yokohama and Tokyo as well as smaller cities including Kawasaki and Chiba.

Even though the majority of gambling activities are illegal in Japan today, one of the recently passed legislation allowed a trio of casino licenses. To become selected to one of three casino licenses, interested companies have to submit their final plans to the Tokyo’s central government. As reported, ten Japanese communities have already entered this race while Osaka is generally considered to be one of the major runners.

Before the Wynn Resorts Limited’s officials revealed that the company is abandoning this race, another American company shared the same news, Las Vegas Sands Corporation. The same move was made by Melco Resorts and Entertainment Limited. On the other hand, the companies which are still in the race including Genting Malaysia Bethad, Galaxy Group, and MGM Resorts.

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