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Wynn Resorts Pays Record $35.5M Fine To Massachusetts

Boston Harbor Casino Still Scheduled To Open Next Month

May 29, 2019 - 7:06 am

BOSTON (AP) — Wynn Resorts has paid a record $35.5 million in fines to Massachusetts and won’t appeal the decision.

The company’s board of directors said the company on Tuesday paid the state a $35 million fine as well as $500,000 assessed to CEO Matthew Maddox ahead of Friday’s deadline to pay the fines or appeal.

The state’s Gaming Commission says it received the payment. It fined the company and Maddox last month for failing to disclose allegations of sexual misconduct against company founder Steve Wynn. Steve Wynn has denied the sexual misconduct allegations against him but resigned as CEO last year.

Wynn's Boston Harbor property is still scheduled to open in late Jones. Shares of Wynn Resorts were down .09 in Tuesday's trading