{"id":93846,"date":"2018-12-04T10:04:21","date_gmt":"2018-12-04T18:04:21","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=93846"},"modified":"2018-12-04T10:04:21","modified_gmt":"2018-12-04T18:04:21","slug":"wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/","title":{"rendered":"Wynn Resorts\u2019 New Chairman Phil Satre Opens Up on Steve Wynn and Massachusetts Suitability Probe"},"content":{"rendered":"

As the Massachusetts Gaming Commission\u2019s (MGC) suitability investigation into Wynn Resorts nears its conclusion<\/a>, the company\u2019s new chairman Phil Satre was in Boston this week to be grilled by the commission as a formality about his own suitability.<\/p>\n

\"Wynn
Phil Satre says Wynn Resorts immediate reaction to allegations against its chairman was too defiant but believes the company has done enough to distance itself from Steve Wynn. (Image: David B. Parke\/Reno Gazette Journal)<\/figcaption><\/figure>\n

The company is building the $2.6 billion Encore Boston Harbor in Everett, four miles north of the state capital — and its license is in jeopardy. As chairman it\u2019s Satre\u2019s task to convince regulators that Wynn Resorts has severed all ties to its disgraced former chairman and CEO, Steve Wynn, and deserves to hang onto its license.<\/p>\n

MGC launched its investigation into the company following a January Wall Street Journal<\/em> report that Wynn had engaged in a decades-long pattern of sexual misconduct towards female staff members. According to Wynn\u2019s ex-wife, Elaine Wynn, in 2005 he made a multimillion dollar payment to a manicurist who had accused him of coercing her into sex — a payment some members of the board knew about.<\/p>\n

While Wynn denies the allegations, he resigned from his role within the company that bears his name and later sold his entire stake to protect its licenses in Massachusetts and elsewhere.<\/p>\n

Massachusetts requires its gaming licensees maintain \u201cintegrity, honesty, good character, and reputation.\u201d<\/p>\n

License Revocation \u2018Not Fair\u2019<\/strong><\/h2>\n

In an interview with local politics magazine CommonWealth, Satre — a former CEO of Harrah\u2019s (now Caesars) and chairman of IGT — said he believed Wynn Resorts had done enough to safeguard its license, and that in five years\u2019 time the association with Steve Wynn will begun to fade.<\/p>\n

I don\u2019t think it\u2019ll be as strongly associated with Steve,\u201d he said. \u201cAnd I think that\u2019s simply because he is going to be more and more distanced from the company. He\u2019s not going to be in TV ads. He\u2019s not going to be in posters throughout the property. He\u2019s not going to be the voice that people hear on their phone when they go in.<\/p><\/blockquote>\n

\u201cI understand why right now it seems very difficult to separate that, but I believe it\u2019s not fair to this company and to the 4,000 people that will be working there. It\u2019s not fair to all the management that we brought in to operate this casino. Frankly, I don\u2019t think it\u2019s fair to the taxpayers of the state or the cities that benefit from this company.\u201d<\/p>\n

\u2018Some Substance\u2019 to Claims\u00a0<\/strong><\/h2>\n

But Satre acknowledges the company\u2019s mood when the WSJ<\/em> story broke was defiant, which was the wrong tone. Although he was not a member of the board at the time, he said he believes other board members were too quick to dismiss the claims as being cooked up by Elaine Wynn, who at the time was engaged in bitter litigation with both the company and her ex-husband.<\/p>\n

In fact, there were \u201csome substance to these claims,\u201d Satre said, without going into detail.<\/p>\n

The Encore Boston Harbor is scheduled to open in June 2019. Meanwhile, the MGC had said in October it would deliver its verdict this month, although it also said Steve Wynn\u2019s recent lawsuit<\/a> to block the release of documents related to the investigation will delay the proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the Massachusetts Gaming Commission\u2019s (MGC) suitability investigation into Wynn Resorts nears its conclusion, the company\u2019s new chairman Phil Satre was in Boston this week to be grilled by the commission as a formality about his own suitability. The company is building the $2.6 billion Encore Boston Harbor in Everett, four miles north of the […]<\/p>\n","protected":false},"author":36,"featured_media":93849,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,18,13592],"tags":[],"acf":[],"yoast_head":"\nWynn Resorts\u2019 New Chairman Phil Satre Opens Up on Steve Wynn<\/title>\n<meta name=\"description\" content=\"Wynn Resorts chairman Phil Satre says the company\u2019s reaction to allegations against its CEO and chairman Steve Wynn was tone deaf and there was \u201csome substance\u201d to the claims.\" \/>\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.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wynn Resorts\u2019 New Chairman Phil Satre Opens Up on Steve Wynn\" \/>\n<meta property=\"og:description\" content=\"Wynn Resorts chairman Phil Satre says the company\u2019s reaction to allegations against its CEO and chairman Steve Wynn was tone deaf and there was \u201csome substance\u201d to the claims.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/\" \/>\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=\"2018-12-04T18:04:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/phil.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\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-new-chairman-phil-satre-opens-up-on-steve-wynn\/\",\"url\":\"https:\/\/www.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/\",\"name\":\"Wynn Resorts\u2019 New Chairman Phil Satre Opens Up on Steve Wynn\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/phil.png\",\"datePublished\":\"2018-12-04T18:04:21+00:00\",\"dateModified\":\"2018-12-04T18:04:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Wynn Resorts chairman Phil Satre says the company\u2019s reaction to allegations against its CEO and chairman Steve Wynn was tone deaf and there was \u201csome substance\u201d to the claims.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-resorts-new-chairman-phil-satre-opens-up-on-steve-wynn\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/phil.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/phil.png\",\"width\":1200,\"height\":630,\"caption\":\"Phil Satre says Wynn Resorts immediate reaction to allegations against its chairman was too defiant but believes the company has done enough to distance itself from Steve Wynn. 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