{"id":108139,"date":"2019-07-01T12:04:32","date_gmt":"2019-07-01T19:04:32","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=108139"},"modified":"2019-07-01T12:04:32","modified_gmt":"2019-07-01T19:04:32","slug":"wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/","title":{"rendered":"Wynn Resorts CEO Matt Maddox Perfectly Fine Being Watched by Massachusetts Regulators"},"content":{"rendered":"

Wynn Resorts CEO Matt Maddox \u2013 the longtime prot\u00e9g\u00e9 of billionaire Steve Wynn who assumed the position following the Las Vegas casino tycoon’s alleged sexual misconduct scandal \u2013 will be monitored by a state-appointed official in Massachusetts for the next three years. And the chief executive of one of the world’s largest gaming companies is perfectly fine with that.<\/p>\n

\"Wynn
Matt Maddox, the chief executive of Wynn Resorts, isn’t losing any sleep about being monitored by a state official in Massachusetts. (Image: W. Marc Bernsau\/Boston Business Journal)<\/figcaption><\/figure>\n

In May, the Massachusetts Gaming Commission (MGC) levied a record $35 million fine on Wynn Resorts for the company failing to disclose knowledge of Mr. Wynn’s alleged actions during its 2013 bidding for the Boston-area casino license. The MGC additionally placed a $500,000 fine on Maddox for “his clear failure to require an investigation about a specific spa employee complaint brought to his attention.”<\/p>\n

Along with the half of a million dollars, the CEO will be forced to undergo various leadership training, and will be monitored by a state official through 2022. Asked by the Las Vegas Review-Journal <\/i>this week about the monitoring, Maddox said he is perfectly comfortable being watched.<\/p>\n

\n

You know who looks over your shoulder all the time? Your customers, so you better be doing the right things,” Maddox explained.<\/p>\n<\/blockquote>\n

“Your employees, so you better be treating them well. Your gaming regulators. We are very used to having lots of third parties interacting with us, so I don’t see any issue with it,” the CEO concluded.<\/p>\n

Encore Goes On<\/b><\/h2>\n

Wynn Resorts was forced to pay the $35.5 million to Massachusetts, but was afforded to right to retain its operating permit for Encore Boston Harbor. The company had already paid the state $85 million for the license, and invested $2.6 billion<\/a> to build the massive integrated resort located across the Mystic River in Everett.<\/p>\n

Bernstein analysts said Wynn Resorts had no option other than to pay the fine and move on.<\/p>\n

\n

“It was with dismay that we saw news of potential sale discussions for the yet to be opened property between Wynn and MGM,” analysts Vitaly Umansky, Eunice Lee, and Kelsey Zhu said in a memo. “While the discussions were quickly terminated, the news of such discussions even occurring so close to opening were disheartening.”<\/p>\n<\/div>\n

“Matt’s recent comments about no longer looking to sell is a welcome initiative,” they concluded.<\/p>\n

Gone With the Wynn<\/b><\/h2>\n

Steve Wynn has denied all of the sexual misconduct allegations that have been made against him. However, he’s since sold his entire stake in the company he founded at a price of $2.1 billion, and no longer has any control on its operations.<\/p>\n

But as Casino.org <\/i>reported last week<\/a>, the Las Vegas visionary continues to list Wynn Resorts as his employer on campaign contribution forms. The US Federal Elections Committee (FEC) reveals that the billionaire made three donations totaling $150,000 to the National Republican Senate Committee this year with Wynn Resorts Ltd listed as his employer.<\/strong><\/p>\n

Maddox told employees in April 2018, “As you may know, Steve Wynn is no longer associated with Wynn Resorts.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Resorts CEO Matt Maddox \u2013 the longtime prot\u00e9g\u00e9 of billionaire Steve Wynn who assumed the position following the Las Vegas casino tycoon’s alleged sexual misconduct scandal \u2013 will be monitored by a state-appointed official in Massachusetts for the next three years. And the chief executive of one of the world’s largest gaming companies is […]<\/p>\n","protected":false},"author":25,"featured_media":108144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\nWynn Resorts CEO Matt Maddox Fine Being Watched by State Regulator<\/title>\n<meta name=\"description\" content=\"Wynn Resorts CEO Matt Maddox says he's comfortable with having a state-appointed regulator monitor his leadership in Massachusetts.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wynn Resorts CEO Matt Maddox Fine Being Watched by State Regulator\" \/>\n<meta property=\"og:description\" content=\"Wynn Resorts CEO Matt Maddox says he's comfortable with having a state-appointed regulator monitor his leadership in Massachusetts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-01T19:04:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/encorepressday049_1200xx5184-2916-0-270.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1263\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/\",\"url\":\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/\",\"name\":\"Wynn Resorts CEO Matt Maddox Fine Being Watched by State Regulator\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/encorepressday049_1200xx5184-2916-0-270.jpg\",\"datePublished\":\"2019-07-01T19:04:32+00:00\",\"dateModified\":\"2019-07-01T19:04:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Wynn Resorts CEO Matt Maddox says he's comfortable with having a state-appointed regulator monitor his leadership in Massachusetts.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/encorepressday049_1200xx5184-2916-0-270.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/encorepressday049_1200xx5184-2916-0-270.jpg\",\"width\":1263,\"height\":800,\"caption\":\"Matt Maddox, the chief executive of Wynn Resorts, says being monitored by a state official in Massachusetts is just fine. (Image: W. Marc Bernsau\/Boston Business Journal)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulation\",\"item\":\"https:\/\/www.casino.org\/news\/regulation\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Wynn Resorts CEO Matt Maddox Perfectly Fine Being Watched by Massachusetts Regulators\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wynn Resorts CEO Matt Maddox Fine Being Watched by State Regulator","description":"Wynn Resorts CEO Matt Maddox says he's comfortable with having a state-appointed regulator monitor his leadership in Massachusetts.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Wynn Resorts CEO Matt Maddox Fine Being Watched by State Regulator","og_description":"Wynn Resorts CEO Matt Maddox says he's comfortable with having a state-appointed regulator monitor his leadership in Massachusetts.","og_url":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2019-07-01T19:04:32+00:00","og_image":[{"width":1263,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/encorepressday049_1200xx5184-2916-0-270.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/","url":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/","name":"Wynn Resorts CEO Matt Maddox Fine Being Watched by State Regulator","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/encorepressday049_1200xx5184-2916-0-270.jpg","datePublished":"2019-07-01T19:04:32+00:00","dateModified":"2019-07-01T19:04:32+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"Wynn Resorts CEO Matt Maddox says he's comfortable with having a state-appointed regulator monitor his leadership in Massachusetts.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/encorepressday049_1200xx5184-2916-0-270.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/07\/encorepressday049_1200xx5184-2916-0-270.jpg","width":1263,"height":800,"caption":"Matt Maddox, the chief executive of Wynn Resorts, says being monitored by a state official in Massachusetts is just fine. (Image: W. Marc Bernsau\/Boston Business Journal)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/wynn-resorts-ceo-matt-maddox-fine-being-watched-by-massachusetts-regulator\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Regulation","item":"https:\/\/www.casino.org\/news\/regulation\/"},{"@type":"ListItem","position":3,"name":"Wynn Resorts CEO Matt Maddox Perfectly Fine Being Watched by Massachusetts Regulators"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/108139"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=108139"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/108139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/108144"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=108139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=108139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=108139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}