Reading Time: 1 minute

Irrespective of the controversies that lead to the stepping down of Steve Wynn, Wynn Resorts is trying to move up a gear. As Wynn Resorts executives who gave a nod on Steve Wynn’s resignation and set the conditions for his departure confirmed that it is persisting on developing its plans in the United States and Macau.

Post the scandal comprising sexual allegations against the Founder and Chief Executive Officer of Wynn Resorts, the casino operators are now determined to expand the company’s services globally. In view of this, the newly-appointed Chief Executive, Matt Maddox stated this week:  “The idea is that our future projects are going to continue to be leading in innovation and creativity. We are continuing to move forward as fast as we can.”

Wynn Resort’s officials revealed yesterday that they have arrived at an agreement with former CEO and founder of the company regarding this as he faces legal allegations against him. Steve Wynn’s resignation will be completed by June when he will leave his residence adhering to the demands of the agreement. Furthermore, he will not receive any severance, nor financial compensation.

Maddox’s announcement also revealed that the company is planning to create an “innovation advisory team” to present unique development ideas for its future gaming salons in Asia and the US. Wynn Resorts is aiming to obtain a gaming license to install an integrated resort in the recently approved Japanese market.


Source: European Gaming Media and Events