{"id":3701,"date":"2018-04-30T08:40:57","date_gmt":"2018-04-30T08:40:57","guid":{"rendered":"https:\/\/www.casinosrealmoney.com\/?p=3701"},"modified":"2018-04-30T08:40:57","modified_gmt":"2018-04-30T08:40:57","slug":"wynn-resorts-to-drop-wynn-name-from-boston-casino","status":"publish","type":"post","link":"https:\/\/www.casinosrealmoney.com\/news\/wynn-resorts-to-drop-wynn-name-from-boston-casino\/","title":{"rendered":"Wynn Resorts to Drop \u2018Wynn\u2019 Name from Boston Casino"},"content":{"rendered":"<p>Following <a href=\"http:\/\/www.newser.com\/story\/258544\/steve-wynn-suing-hairstylist.html\" target=\"_blank\" rel=\"noopener noreferrer\">sexual abuse allegations<\/a> filed against Steve Wynn, its founder, and former CEO, <strong>Wynn Resorts Ltd. on Friday proposed that its planned $2.5 billion Boston, Massachusetts casino be renamed to Encore Boston Harbor<\/strong>. The announcement was made by Matt Maddox, the company\u2019s current CEO at a hearing before the Massachusetts Gaming Commission.<\/p>\n<p>Maddox has always tried to distance himself and the company that he now heads from Steve Wynn, who resigned and sold all his remaining shares in the company after the sexual abuse charges.<\/p>\n<blockquote><p>&#8220;There is no business association with Steve Wynn,&#8221; Maddox told regulators during the hearing. &#8220;I am my own man.&#8221;<\/p><\/blockquote>\n<p>The <a href=\"https:\/\/www.forbes.com\/sites\/walterpavlo\/2018\/04\/27\/mass-gaming-to-determine-if-wynn-is-in-or-out\/\" target=\"_blank\" rel=\"noopener noreferrer\">Massachusetts Gaming Commission has been investigating<\/a> what the board of the company might have known about the allegations against Wynn and any sort of revelation that would suggest so would greatly impact Wynn\u2019s Massachusetts operations. In such a case, the state regulators would revoke the company\u2019s license to operate in the state, something that has sparked rumors about Wynn Resorts Ltd. selling the property \u2013 this might, in fact, be the best option if the state regulators find something incriminating.<\/p>\n<p>Maddox\u2019s line of defense on Friday involved outlining the steps that Wynn Resort Ltd. Has been taking to changing the corporate culture of the company after Steve Wynn\u2019s departure. The company has even gone as far as <strong>appointing three women to the board of directors.<\/strong><\/p>\n<blockquote><p>&#8220;The Wynn brand is strong, and I understand it, and I believe in it globally,&#8221; Maddox told the Massachusetts Gaming Commission. &#8220;I also understand the cultural sensitivity here.&#8221;<\/p><\/blockquote>\n<p>The main objective of the Friday hearing was to determine whether Steve Wynn could still be a &#8220;qualifier&#8221; for the company under the state\u2019s laws. However, both Wynn and the company have objected to the claim that he could still be a qualifier.<\/p>\n<blockquote><p>&#8220;Mr. Wynn is no longer a shareholder or executive of the company and it is entirely up to the company as to what the casino is called in the future,&#8221; Brian Kelly, Steve Wynn\u2019s lawyer said.<\/p><\/blockquote>\n<p>Under Massachusetts law, qualifiers must pass a background check and may include top shareholders, executives as well as people with close business relations or association with the license holders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following sexual abuse allegations filed against Steve Wynn, its founder, and former CEO, Wynn Resorts Ltd. on Friday proposed that its planned $2.5 billion Boston, Massachusetts casino be renamed to Encore Boston Harbor. The announcement was made by Matt Maddox, the company\u2019s current CEO at a hearing before the Massachusetts Gaming Commission. Maddox has always [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[19,27],"class_list":["post-3701","post","type-post","status-publish","format-standard","hentry","category-business","tag-casino","tag-massachusetts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wynn Resorts to Drop \u2018Wynn\u2019 Name from Boston Casino - Casinos Real Money News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinosrealmoney.com\/news\/wynn-resorts-to-drop-wynn-name-from-boston-casino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wynn Resorts to Drop \u2018Wynn\u2019 Name from Boston Casino - Casinos Real Money News\" \/>\n<meta property=\"og:description\" content=\"Following sexual abuse allegations filed against Steve Wynn, its founder, and former CEO, Wynn Resorts Ltd. on Friday proposed that its planned $2.5 billion Boston, Massachusetts casino be renamed to Encore Boston Harbor. 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