: Former casino magnate Steve Wynn agrees to gambling ban

Ex-casino giant Steve Wynn has agreed to a ban from Nevada’s gambling industry in a settlement over his alleged sexual misconduct against former employees. Wynn, who resigned as chairman and chief executive of Wynn Resorts in 2018, also agreed to pay Nevada a $10 million fine, according to an agreement with Nevada gambling regulators posted on the Nevada Gaming Control Board’s website. The Nevada Gaming Commission is scheduled to vote on final approval of the settlement Thursday. Wynn left the company after The Wall Street Journal reported detailed allegations of sexual misconduct by Wynn toward employees. He sold his remaining stake in Wynn Resorts in March 2018.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post : Gold ends at lowest in two weeks as 10-year bond yield nears 4%
Next post Market Extra: These are the companies that had the biggest impact on the Dow’s historic winning streak