Casino mogul Steve Wynn has agreed to settle a longstanding dispute with Nevada’s gaming regulators for a sum of $10 million and a promise to never again associate with the state’s gaming industry, according to documents filed to the Nevada Gaming Control Board (NGCB) July 19.
The proposal will now proceed to the Nevada Gaming Commission for final approval. If approved, it would officially end a four-year battle surrounding a five-count sexual abuse and misconduct complaint filed by the NGCB against Wynn back in October 2019.
The complaint sought to deem the executive as unfit for licensure due to several sexual-related allegations brought forth over the years by female Wynn Resorts employees against the former CEO and chairman, all of which he has vehemently denied.
The 81-year-old Wynn, who now lives in Florida, signed his end of the agreement July 17.
Throughout the course of the multi-year standoff between the two sides, Wynn maintained that gaming regulators ceased to have any jurisdiction over him once he resigned from his company, sold his holdings and relinquished his Nevada license in early 2018, following the publication of a damning exposé in the Wall Street Journal detailing his troubled history with female employees.