Wynn Resorts’ COO Commits to Change Amid Regulatory Challenges

June 30, 2025

News

Nevada Gaming Commission’s Approval and Warning

The Nevada Gaming Commission recently approved Brian Gullbrants, the chief operating officer of Wynn Resorts, to continue in his role. However, the Commission also reminded the company of the critical need to maintain progress and restore trust that has been damaged in past years.

Lingering Impact of Past Compliance Issues

Wynn Resorts has struggled with a checkered history of regulatory penalties and compliance shortcomings that continue to affect its leadership reputation. The company, which is set to launch the Middle East’s first regulated casino resort, has faced significant financial penalties. Among these, Wynn Resorts surrendered $130 million to the federal government for breaches related to anti-money laundering protocols, including a separate $5.5 million fine imposed by Nevada authorities. Moreover, in 2019, the Nevada Gaming Commission fined the company $20 million for inadequate investigation of sexual misconduct allegations against former CEO Steve Wynn. Massachusetts regulators also fined Wynn $35.5 million for failing to disclose these claims appropriately.

Leadership’s Commitment to Accountability

During a recent hearing, Commissioner George Markantonis acknowledged the difficulties Wynn Resorts has encountered recently and commended Gullbrants for his extensive career. He questioned what lessons Gullbrants had learned amid the scrutiny and how these would influence his leadership moving forward. Gullbrants responded by highlighting the importance of strong leadership and ethical practices, stating his commitment to complete responsibility for the company’s actions under his guidance. He emphasized adherence to regulations and transparency, affirming his dedication to doing things correctly.

Support from Gaming Commission Members

Commissioner Brian Krolicki expressed that previous statements by Wynn leadership about taking ownership and emphasizing compliance resonated with him deeply. He praised Gullbrants for his authentic approach and noted the value he brings to the organization. Gullbrants emphasized that Wynn’s corporate culture has evolved, focusing on openness, accountability, and respect for all individuals. He stressed that leadership must set a positive example and encourage employees to speak up whenever concerns arise. Commission Chair Jennifer Togliatti voiced her confidence in Gullbrants, stating she believes he understands what is required for the company’s future success. Gullbrants, who has extensive operational experience at Wynn Las Vegas and Encore Boston Harbor, assumed the COO position for North America approximately two and a half years ago.