Casino Mogul Steve Wynn Reaches Settlement Over Sexual Misconduct Claims

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Steve Wynn, the longtime Las Vegas casino magnate and major Republican donor, has agreed to pay Nevada a $10 million fine and to step back from its gambling industry in a settlement related to employee allegations of sexual misconduct, closing his yearslong battle with the state’s gambling regulators. The agreement was approved on Thursday by the Nevada Gaming Commission. Mr. Wynn, 81, who did not admit wrongdoing in the settlement, agreed to be “entirely removed from any direct or indirect involvement” with financing, advertising and consulting in the state. The agreement appears to end regulators’ investigations into Mr. Wynn’s conduct, though he could face additional fines if he violates its terms. Mr. Wynn resigned as chairman and chief executive of his casino empire, Wynn Resorts, in 2018, when the misconduct allegations began to emerge more publicly. He has repeatedly denied them. Amid the fallout, he divested company shares and stepped down from his position as finance chairman of the Republican National Committee.