The fallout for Wynn Resorts, following the sexual misconduct allegations levelled at deposed former CEO Steve Wynn, has continued, with the renaming of its Boston Harbour project in Massachusetts, reports US media.
Now set to be named ‘Encore Boston Harbor’, the firm addressed the integrated resort in its recent Q1 2018 financial results: “The resort will contain a hotel, a waterfront boardwalk, meeting and convention space, casino space, a spa, retail offerings and food and beverage outlets.
“The total project budget, including gaming license fees, construction costs, capitalised interest, pre-opening expenses and land costs, is estimated to be approximately $2.5 billion. As of March 31, 2018, we have incurred $1.38 billion in total project costs. We expect to open Wynn Boston Harbour in mid-2019.”
It has been reported that via the name change, the firm is aiming to demonstrate sufficient evidence that the firm is distanced from its former CEO, who also sold his 12 percent interest, and that Wynn doesn’t hold any influence over the company, and in turn this project.
Speaking to the gaming commission of the state, Wynn Resorts chief executive officer Matt Maddox, said: “The Wynn brand is strong, and I understand it, and I believe in it globally. I also understand the cultural sensitivity here.
“We’ve heard it loud and clear from the beginning, and so we will … change our name to Encore Boston Harbor.”
It was also detailed that much of the Wynn signage has already been removed, replaced with Encore, one of the brands that falls under the Wynn Resorts portfolio that is not associated with its former-CEO.
In addition, local media also details that a number of domain names, including encorebostonharborcasino.com, encorebostonjobs.com and encorebostonresort.com, have been registered.
This news comes as a further denial has been issued by Steve Wynn regarding the sexual assault allegations, with a defamation lawsuit launched against a former stylist and Wynn employee, reports the Wall Street Journal.
It is alleged by Steve Wynn that Jorgen Nielsen, a former artistic director of the Wynn Las Vegas salon, has publicly smeared the mogul by spreading false accusations of alleged sexual misconduct.