Massachusetts says Wynn Resorts can retain gaming license with fine, other conditions

April 30 (Reuters) - Massachusetts gaming regulators said on Tuesday that Wynn Resorts Ltd can retain its gaming license needed to run a $2.6 billion casino built outside of Boston with a fine and license conditions.

The watchdog said it would impose a $35 million fine on Wynn and a $500,000 fine on Chief Executive Officer Matthew Maddox, in addition to a series of license conditions, including an independent monitor to oversee the company’s adherence to policies.

The decision follows the Massachusetts Gaming Commission’s investigative report earlier in April that concluded that former executives of Wynn Resorts concealed sexual misconduct allegations against the casino operator’s billionaire founder, Steve Wynn.

“We are in the process of reviewing that decision and considering the full range of our next steps,” Wynn Resorts said in a statement.

Reporting by Ismail Shakil in Bengaluru and Nate Raymond