A signature move? For now, Wynn name remains in Massachusetts casino project

His official title is executive director of the Massachusetts Gaming Commission, but on Thursday Edward Bedrosian sounded like the King of Understatement.
Wynn Resorts continues to build what promises to be a sparkling, $2.4 billion bayside casino resort that will employ 4,500 people and emphasize the hiring of minorities, women and veterans. Meanwhile, Bedrosian has dispatched a team of investigators whose findings could blow it out of the water. Continued fallout from the ugly and ongoing sexual harassment scandal involving former company Chairman and CEO Steve Wynn has placed the publicly traded corporation in real jeopardy in the Commonwealth.
So in describing the almost surreal circumstances the company and the Massachusetts gaming regulators find themselves in, Bedrosian avoided hyperbole. In completing his remarks to the gaming commission Thursday morning, he noted the company’s laudable project and goals, but said, “We acknowledge that this creates an awkward situation, but these matters must continue, for now, on parallel tracks.”
Awkward.
That would be one word for it.
The Boston Herald and The Boston Globe have reported the vocal concerns on the issue from Attorney General Maura Healey and Gov. Charlie Baker. Unlike their counterparts in Nevada, they don’t owe their political careers to the casino titans.
So when Wynn Resorts Boston’s casino President Robert DeSalvio told reporters Thursday, "We are absolutely considering a rebranding of the project, and we'll have an announcement on that at a later date," he was only showing awareness of the tough reality of doing business in a suddenly new world.
For his part, Bedrosian has more than two decades of public service experience, most of that spent as a hard-charging member of the Middlesex district attorney’s office and the state attorney general’s office. He defines the no-nonsense administrator who is well aware that the state’s fledgling gaming regulatory apparatus has a lot of eyes on it.
“I want to be clear about something,” Bedrosian said in a statement prior to the company’s meeting with casino regulators. “Our investigation on the Wynn licensee’s continued suitability is ongoing, staff is working hard, and some of whom are currently in Las Vegas. It’s our hope to come to the commission with findings no later than summer. Having said that, investigations can be complex and I cannot guarantee a concrete time frame.”
His opinion, no doubt, is bound to be informed by developments in the ongoing civil battle in Clark County District Judge Elizabeth Gonzalez’s courtroom pitting Steve Wynn’s attorneys against lawyers for his ex-wife Elaine Wynn. Issues raised this past week may have given Bedrosian further pause.
The Wall Street Journal, which broke the sexual harassment scandal in January, last week published another damaging accusation from a woman who said she was taken sexual advantage of by Wynn, who has consistently and vehemently denied the allegations.
Not only are Bedrosian’s investigators slogging through awful accusations of sexual harassment and sexual assault that allegedly occurred on the watch of the company’s board of directors and chief counsel, but now we’re learning more details about allegedly illegal sports betting by former Wynn Resorts executives Marc Schorr and Tim Poster.
In a deposition, Steve Wynn appeared to downplay the issue.
“I had no reason to think that such — that anybody would be gambling on the Internet when they could gamble in a book,” Wynn said. “It wasn't something that occupied my concern at all. And, tell you the truth, I didn't know anybody in the company that was the kind of sports enthusiast in terms of football betting as Tim Poster. He was a special case.”
Special, indeed. At the time he served Wynn Resorts, Poster had already had an embarrassing run-in with Nevada gaming regulators over his relationship with mobbed-up topless bar boss Rick Rizzolo.
It remains unclear whether the Schorr-Poster issue will end up complicating the Wynn v. Wynn dogfight, but it’s sure to come to the attention of the Massachusetts gaming regulators.
One of the shames of this corporate scandal is that it distracts from, and potentially ruins, the company’s impressive effort to outreach into the community as a good corporate citizen and employer of more than 4,000 residents. As I listened to Thursday’s meeting in Massachusetts via Internet live stream, it became ever more clear that an awful lot of time, energy and professional sweat have gone into encouraging and recruiting minorities, women, and veterans to work at the new Wynn Boston Harbor casino resort. The company is also working with colleges, gaming schools and community centers.
DeSalvio was enthusiastic about the project’s progress from the building construction to the beach sand. The company is also paying for road improvements in the area.
The contingent from Wynn erred by not volunteering information about its company sexual harassment policy -- admittedly a sensitive subject — and the failing was duly noted by Massachusetts Gaming Commission Chairman Stephen Crosby.
Lest anyone think Bedrosian is the sentimental type, he reminded all present in a written statement, “In the long run, the gaming school and implementation of the workforce and diversity goals are contingent upon the outcome of an investigation and potential actions of this Commission which are in NO WAY predetermined and today’s procedural discussions should not be interpreted as a pre-judgment of the on-going investigation.”
With so much at stake, and the company at the mercy of gaming regulatory authorities, suddenly losing a name from the side of a building doesn’t seem like such difficult decision, after all.
Disclosure: Steve and Elaine Wynn have donated to The Nevada Independent. You can see a full list of donors here.
Disclosure: Steve Wynn sued John L. Smith and his publisher over a book catalog advertisement for his 1995 investigative biography, “Running Scared: The Life and Treacherous Times of Las Vegas Casino King Steve Wynn.” Smith was dismissed from the lawsuit. Although Wynn won a judgment in district court, that decision was overturned by the Nevada Supreme Court. The case was later settled with no money changing hands.
Contact John L. Smith at [email protected]. On Twitter: @jlnevadasmith.