Former Wynn Resorts CEO Steve Wynn is arguing that since he stepped down from the role and sold all of his stock in the company in February 2018, the Nevada gaming regulators have no jurisdiction over him anymore.
Wynn was pressured into stepping down after his alleged sexual misconduct was reported by the Wall Street Journal at the start of last year.
After more than a year-long investigation, the Nevada Gaming Control Board levied a record-setting $20 million fine in February against Wynn’s former company. Last month, the NGCB filed a complaint with the Nevada Gaming Commission that cited his alleged transgressions as cause for revoking his gaming license and a fine against Wynn personally.
Wynn’s legal team filed a 25-page response to the complaint Thursday that argued the complaint should be dismissed since the Nevada Gaming Commission has no legal authority to punish the former CEO.
“The specific question presented is: Has the Nevada Legislature expressly or implied involvement with a Nevada gaming license and, thus, no longer poses an alleged threat to the industry or the public at large?” the motion read. “We submit the answer to that question is a resounding ‘No.’”
The NGCB claims that the commission still holds authority over Wynn because it placed an administrative hold on its license. Wynn’s team of lawyers is disputing that point, according to a report from the Las Vegas Review-Journal.
“Notably, however, the NGCB does not cite any statute or regulation providing for the imposition of an ‘administrative hold’ on a licensee or someone who has been found suitable to hold a position with a licensee,” the motion read.
The board will respond to the motion to dismiss by Nov. 27. A reply from Wynn’s team would be due by Dec. 9 and a hearing could be held as early as 10 days later.
Wynn has repeatedly denied the sexual misconduct allegations.
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