Steve Wynn allegations touching on his sex life is now a threat, which is not only to his billionaire profile. The sex scandal is likely to affect his Wynn Resorts Limited . Wynn, the 76-year-old Las Vegas billionaire, is facing sex scandal allegations. Many people are now saying that the accusations, if true, will ruin his name. What is more, there are chances of the allegations touching his properties. To start with, last week, the billionaire receives a letter. The letter tells him that his National Harbor property will be under probe.
Will Steve Wynn’s Sex Scandal Allegations Hurt Wynn Casino Longterm?
Massachusetts Gaming Commission (MGC) will hold a meeting on January 31, 2017. The purpose of the meeting is to discuss sex misconduct surrounding the billionaire. The billionaire owns a string of luxury hotels and casinos in Las Vegas and other places. According to the Wall Street Journal story, the casino magnate is pressuring female workers to have sex with him.
Will Wynn Boston Harbor Still Hold An Operational license?
The gaming agency is already doing all it can to solve the issue. What they are looking at is if Wynn Boston Harbor will still hold an operational license. Investigations And Enforcement Bureau, a department within MGC is responsible for reviewing the license. “The suitability and integrity of our gaming licenses are of the utmost importance. Ensuring this suitability is an active and an ongoing process,” says the commission.
Billionaire Forces Women To Have Sex In Spa?
The state gaming agency later says that the public will know the next step. But maintains that what is important for now is to ensure there is sanity within the real money gambling sector. Last week, Wall Street Journal published a report. In the report, the journal says that several former female workers report that the avid billionaire forces them to have sex.
According to the news, the billionaire forces the women to have sex with him mainly from the spa. It is in the spa that many women work. In the paper, there are several women with relating accounts. But there is one that is so touching. It involves a manicurist whose name is not in mind.
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Boston Harbor Casino Resort Will Has 671 Guestrooms
The lady says that Wynn forces her to have sex. After this, the case should go to court. But the billionaire decides to settle the case outside the court. Steve pays the woman $7.5 million to withdraw the case. Wynn is using $2.4 billion to construct Wynn Boston Harbor. Opening date for this property is set for 2019. The Boston Harbor facility will feature 671 guestrooms. It will also have an ample retail space. Space will accommodate stall, high-end boutiques, and gift shops. There will also be public parking space, convention, and wedding space. Casino space in this facility is 150, 000 square feet.
The billionaire is saying that he is not aware of the charges. All he says that the allegations are lies. “I know they are the works of my ex-wife, Elaine. The woman and I have a very terrible and nasty lawsuit. She wants a revised divorce settlement. She is capable of doing anything to ruin my name,” Steve says. Already, it is evident that the sex scandal is drawing back Wynn Resorts performance. Since Monday, Wynn Resorts Limited is dropping as much 9 percent.
Wynn Casino Resorts Has Low S&P Global Ratings?
S&P Global Ratings is also recording low ratings on the company’s shares. For now, the BB-ratings are turning from ‘stable’ to ‘negative.’ At this, it is clear that Steve Wynn allegations are negatively affecting him.
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