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Philippines denies bribery: Okada files restraining order against Wynn
Kazuo Ozada, the recently removed director of Wynn Resorts, has filed a restraining order against the gaming operator today (Macau time) to try to stop the redemption of his shares in the company.  Wynn Resorts5/21/2012
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Wynn Macau Said to Hold Loan Bank Meetings in Hong Kong Tomorrow
(Hong Kong) -- Wynn Macau Ltd., the owner and operator of casino resort Wynn Macau, has approached banks seeking an about $1 billion loan, according to three people...
5/17/2012
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Court asks for more detail about Okada request
(Nevada) -- Japanese businessman Kazuo Okada was allowed by a Nevada court to amend his request for more Wynn Resorts Ltd’s documents yesterday.
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Judge orders more briefing in Wynn/Okada document dispute
(Nevada) -- A Nevada state judge on Thursday indicated she needs more information before deciding whether Wynn Resorts Ltd. must turn over more records to board member...
5/16/2012
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Wynn: Company does not ‘entertain’ or bribe government officials
(Nevada) -- Attorneys for Wynn Resorts Ltd. of Las Vegas say dissident board member Kazuo Okada’s latest demand for company documents is a ''fishing...
5/9/2012
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Okada tries again to pry records from Wynn Resorts
(Nevada) -- In another clash between casino billionaires Kazuo Okada and Steve Wynn, Okada’s attorneys have gone back to Nevada state court in hopes of prying...
5/8/2012
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Wynn Tumbles on Weak Results in Macau and Las Vegas
(Wall Street) -- Wynn Resorts (NAS: WYNN) came out with earnings last night, and there wasn't much to be impressed by. Las Vegas was weak, which may not be a huge...
5/7/2012
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Wynn expects Cotai Strip resort to be ‘irresistible to our guests’
(Las Vegas) -- A 9.8 percent increase in revenue from Macau helped offset an 8.1 percent decline in Las Vegas, causing Wynn Resorts Ltd. to report lower profits in the...
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Wynn Set To Dodge Japanese Backlash From Okada Battle [sub req'd]
(Japan) -- The legal sparring between casino magnate Steve Wynn and Wynn Resorts co-founder Kazuo Okada, although embarrassing, will probably not have any ripple effects...
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Wynn Macau Profit Rises 10% on Chinese Tourists
(Hong Kong) -- Wynn Macau Ltd. (1128), the Hong Kong-listed unit of billionaire Steve Wynn’s Las Vegas company, reported a 10 percent increase in first-quarter...
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Wynn Profit Fell 4%, Revenue Barely Up; Shares Dip
(Wall Street) -- Wynn Resorts disappointed investors by missing first-quarter estimates on both profit and sales when it announced results after the market close.
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Wynn Resorts Earnings Miss Estimates on Vegas Shortfall
(Las Vegas) -- Wynn Resorts Ltd. (WYNN), the casino company founded by billionaire Steve Wynn, reported first-quarter earnings fell 19 percent, missing analysts...
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Wynn Resorts reports decline in 1st-quarter profits
(Wall Street) -- A 9.8 percent increase in revenue from Macau helped offset an 8.1 percent decline in Las Vegas, but Wynn Resorts Ltd. still reported lower profits in...
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Wynn Resorts sees quarterly profits drop
(Wall Street) -- The decision by Wynn Resorts Ltd. to toss former majority shareholder Kazuo Okada out of the company in February sliced into the casino operator's...
5/6/2012
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Macau Gambling, Big Wynn for Tiny Locale
(Macau) -- Reports state that Macau, which is considered one of the biggest if not the absolute biggest gambling destination, has reached an outstanding revenue in April.
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Wynn has the Go Ahead in Macau
(Macau) -- It has been stated by Steve Wynn that his gambling business plans in Macau has received great news, as he has received the approval to start working on...
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Wynn Resorts gets Macau government approval for Cotai casino development
(Hong Kong) -- The Chinese arm of Wynn Resorts Ltd. said it received approval on Wednesday for a new casino in the Cotai district of Macau, the world’s most...
5/4/2012
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How Elaine Wynn Survived 45 Years in Sin City
(Las Vegas) -- In 2011 you were included on a list of self-made female billionaires. There were only 19 of them. A cynic might question how divorcing the casino magnate...
5/2/2012
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Wynn Macau gets land grant for casino resort on Cotai Strip
(Macau) -- Wynn Macau Ltd., the unit of billionaire Steve Wynn’s Las Vegas company, won a land grant for its second resort in the Chinese city as surging revenue...
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Positives seen in Wynn expansion plan
(Wall Street) -- The Macau government's approval of Wynn Cotai was perceived Wednesday as a "meaningful positive" by gaming analysts who believe the...
5/1/2012
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Macau approves $3 billion Wynn Cotai resort
(Macau) -- The Macau government has approved a new 51-acre casino resort on the Cotai Strip, a subsidiary of Wynn Resorts Ltd. announced late Tuesday.
4/18/2012
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Wynn Resorts shares jump on Macau news
(New York) -- Wynn Resorts Ltd. shares rose almost 5 percent Wednesday after a report that the owners of the Wynn and Encore casinos in Macau may sign a land contract...
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Wynn Resorts shares jump on Macau reports
(New York) -- Shares of Wynn Resorts Ltd. jumped Wednesday on speculation that the company might be close to signing a land deal that could pave the way for it to open...
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Fifth shareholder suit filed against Wynn directors
(Las Vegas) -- Shareholder lawsuit No. 5 was filed Tuesday against Wynn Resorts Ltd. board members over allegations of potential violations of the federal Foreign...
4/4/2012
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Two more shareholders suing Wynn directors
(Wall Street) -- Two more shareholder lawsuits were filed Wednesday against 11 directors of Wynn Resorts Ltd. as the fallout over board member Kazuo Okada continues.
3/30/2012
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Wynn Wants Okada Lawsuit Sent Back to Nevada State Court
(Nevada) -- Wynn Resorts Ltd. (WYNN) wants its lawsuit against Japanese billionaire Kazuo Okada sent back to Nevada state court, arguing its removal to federal court was...
3/29/2012
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Investors in Louisiana join case against Wynn Resorts
(Louisiana) -- The litigation surrounding Wynn Resorts Ltd. has gained another entrant. The Louisiana Municipal Police Employees' Retirement System, which holds Wynn...
3/28/2012
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Wynn, Okada fallout continues with shareholder lawsuit
(Las Vegas) -- Wynn Resorts Ltd. board members, including Steve Wynn and Kazuo Okada, were sued Tuesday by a shareholder who says their conduct has harmed the company.
3/27/2012
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Casino operator net on the winning side
(Hong Kong) -- Casino operator Wynn Macau (1128) booked earnings of HK$5.92 billion last year as the bottom line grew 34 percent, largely on gambling revenue. The firm,...
3/18/2012
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STUTZ: Lawsuit against Wynn Resorts reads like screenplay
(Las Vegas) -- Kazuo Okada's most recent lawsuit against Wynn Resorts Ltd., filed less than a month after he was unceremoniously dumped as the company's largest...
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Wynn-Okada legal battle highlights once-obscure federal law
(Las Vegas) -- The legal battle between Wynn Resorts Ltd. and Kazuo Okada, the Japanese billionaire who financed the business 12 years ago and recently was ousted as a...
3/16/2012
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Wynn Las Vegas Outranks All Other Casino Competitors on Fortune Magazine's 2012 Most Admired List
(Las Vegas) -- Wynn Las Vegas (NASDAQ: WYNN) was honored as the highest ranking casino resort on Fortune's 2012 Most Admired list in the hotel, casino, resort...
3/15/2012
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How to ‘Wynn’ in the battle of casino moguls
(Tel Aviv) -- In a life in the spotlight, casino mogul Steve Wynn, has been labeled many things, but being meek is not one of them.
3/14/2012
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Doubts raised over Wynn governance
(Wall Street) -- The ongoing legal dispute with Japanese pachinko tycoon Kazuo Okada is likely to highlight bigger problems with gaming operator Wynn Resorts’...
3/13/2012
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Bring it on, Wynn Resorts tells Okada
(Nevada) -- Wynn Resorts Ltd. says it “looks forward” to meeting Japanese businessman Kazuo Okada in court to discuss the details of the counterclaim Mr...
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Japan's Okada blasts Wynn in casino tycoon battle
(Japan) -- Japanese gambling tycoon Kazuo Okada lashed out Tuesday at his US partner, accusing Steve Wynn of manipulating facts to wrest control of Wynn Resorts casinos...
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Okada video rebuts casino mogul Wynn in legal fight
(Hong Kong) -- Japanese billionaire Kazuo Okada, embroiled in a legal fight with former partner Steve Wynn, the chairman of casino operator Wynn Resorts , used a video...
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Wynn Resorts Ltd. says Okada countersuit doesn't deny allegations
(Las Vegas) -- Wynn Resorts Ltd. said Kazuo Okada's countersuit doesn't contain any meaningful denial of the allegations that he and his subsidiary Aruze USA Inc...
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Wynn Resorts says it’s eager to fight Okada’s counterclaim in court
(Nevada) -- Casino-resort owner Wynn Resorts Ltd. of Las Vegas on Tuesday criticized as ''scurrilous'' the counterclaim filed against the company Monday...
3/12/2012
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Countersuit Escalates Feud at Wynn
(Nevada) -- In a suit filed Monday, Steve Wynn's former business partner Kazuo Okada fired back at Wynn Resorts Ltd., portraying his ouster last month as a major...
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In dispute with Wynn, Okada cites ambiguities in U.S. anti-bribery law
(Nevada) -- Attorneys for Wynn Resorts Ltd. board member Kazuo Okada signaled Monday that he would cite ambiguities in a federal anti-bribery law in defending against a...
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Okada disputes Wynn's right to redeem shares
(Nevada) -- The legal battle between Steve Wynn and Kazuo Okada, Wynn Resorts Ltd.'s largest shareholder, escalated Monday as Okada countersued in federal court in...
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Okada sues to stop redemption of Wynn stake
(Nevada) -- Kazuo Okada has hit back at Steve Wynn, filing a lawsuit that seeks to block the forced redemption of his $2.77bn stake in Wynn Resorts, accusing his former...
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Wynn-sanity: A Power Struggle at Macau Gambling Giant Wynn Resorts Puts Shareholder Value at Risk
(Nevada) -- An internecine board struggle at casino giant Wynn Resorts between the company’s 70 year old founder and his Japanese business partner could damage the...
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Wynn Macau Leads Casinos Higher on Outlook: Hong Kong Mover
(Hong Kong) -- Wynn Macau Ltd. (1128) led gains in Hong Kong-listed gambling stocks after Deutsche Bank raised its estimate for casino revenue growth in Macau to 25...
3/11/2012
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Steve Wynn built casino fortune with bold designs, tenacity
(Las Vegas) -- Steve Wynn is adamant: It is not the money that attracts him to Foxborough, where the casino magnate wants to build a gambling resort. At 70, the restless...
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The Unraveling of a Casino Marriage
(Las Vegas) -- Las Vegas magnate Steve Wynn and Japan's pachinko king, Kazuo Okada, fell into a marriage of convenience in 2000 that paired Mr. Wynn's casino...
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Wynn ordered to produce two pages in Okada dispute on pledge
(Macau) -- A judge ordered Wynn Resorts Ltd. was to produce two more pages of documents for Kazuo Okada, the casino operator’s director whose 20 percent stake in...
3/8/2012
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Okada wins right to see some additional documents
(Las Vegas) -- Wynn Resorts Ltd. dissident director and former shareholder Kazuo Okada won the right Thursday to see two more pages of corporate records concerning the...
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Okada-Wynn Battle Shifts to Las Vegas Court Over University of Macau Gift
(Las Vegas) -- Wynn Resorts Ltd. (WYNN) was ordered by a judge to produce two more pages of documents for Kazuo Okada, the casino operator’s director whose 20...
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Wynn board member Okada mostly fails in initial document bid
(Las Vegas) -- Wynn Resorts Ltd. board member Kazuo Okada will have to try harder to gain detailed financial information from the casino-resort giant after a court...
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Wynn Resorts sets shareholder meeting to oust Okada
(Las Vegas) -- Wynn Resorts Ltd , locked in a legal battle with one-time largest shareholder Kazuo Okada, has set a special shareholder meeting for late April or early...
3/7/2012
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Wynn Asks Investors to Remove Okada as Director in Special Vote
(Wall Street) -- Wynn Resorts Ltd. (WYNN) asked investors to approve the removal of Japanese billionaire as a director, after accusing him of making improper payments to...
3/4/2012
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Okada Loses in Manila as Wynn Goes ‘Nuclear’
(Philippines) -- Stephen Wynn stepped off his private jet at Manila airport in June 2010 to be greeted by the Philippines gaming regulator. On the tarmac too, in black...
3/3/2012
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Wynn shares trade higher even after mistake filing
(Wall Street) -- Wynn Resorts Ltd. shares remained higher Friday, even after the company said that a filing reporting progress on a new resort in the Chinese gaming hub...
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Okada Manila Tour Proves Defining as Wynn Goes ‘Nuclear’
(Wall Street) -- Stephen Wynn stepped off his private jet at Manila airport in June 2010 to be greeted by the Philippines gaming regulator. On the tarmac too, in black...
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Investigations encircle Wynn Resorts
(Macau) -- A variety of investigations have sprung up concerning the ouster of Japanese billionaire Kazuo Okada from international gaming firm Wynn Resorts.
3/2/2012
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Builders of Casino Empire Split, and the Bitter Accusations Fly
(Macau) -- For more than a decade, they were the odd couple of gambling. In the early going, Stephen A. Wynn, the Las Vegas magnate with a thousand-watt smile, was on...
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Errant SEC Filing Roils Wynn Stock
(Wall Street) -- Wynn Resorts Ltd. added to its headaches Friday as trading in its shares was temporarily halted after the gambling giant erroneously said it received a...
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Wynn Resorts advances on Fortune list of admired companies
(Wall Street) -- Wynn Resorts Ltd. of Las Vegas is the second-most admired company in the hotels, casinos and resorts industry, according to new Fortune magazine...
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Wynn Resorts stock trading briefly halted as Cotai report pulled
(Wall Street) -- Wynn Resorts Ltd. shares closed higher Friday, even after the gaming company had to retract a regulatory filing that said it had approval for a major...
3/1/2012
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Macau School Ties Roil Wynn Resorts
(Macau) -- The University of Macau sits on a hilltop in the middle of the world's gambling Mecca. Now it rests at the heart of an international fracas roiling one of...
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The Family Feud That Could Cost Combatants Billions
(Wall Street) -- A once-in-a-lifetime land rush is playing out in the ever-hotter gambling markets of Asia. And where will Steve Wynn of Wynn Resorts be? Very likely in...
2/29/2012
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Philippines wants to 86 Steve Wynn
(Philippines) -- Las Vegas casino mogul Steve Wynn may soon be banned from the Philippines. On Monday a House of Representatives committee in Manila voted to ban the...
2/28/2012
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Focus on investors aside from Wynn, says Aquino
(Philippines) -- THE PRESIDENT said he was not bothered over the House resolution banning Wynn Resorts Ltd. founder Steve Wynn from investing in the Philippines, noting...
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Adelson Weighs In on Wynn [sub req'd]
(Japan) -- Las Vegas Sands Corp. Chief Executive Sheldon Adelson offered his views on the fight between Steve Wynn and his former Japanese partner, suggesting that Mr....
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ANALYSIS--Wynn, Okada mud fight may not stick with officials
(Washington D.C.) -- A U.S. law against foreign bribery is the unusual weapon of choice in an increasingly bitter boardroom struggle between U.S. casino mogul Steve Wynn...
2/27/2012
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Wynn Resorts: The Show Has Just Begun
(Wall Street) -- For shareholders, observers, government officials, and the general public all over the world, the Wynn Resorts (WYNN) - Kazuo Okada dispute is probably...
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Okada: Wynn allegations "lies...blown out of proportion"
(Philippines) -- Japanese billionaire Kazuo Okada, accused by Wynn Resorts of making improper payments to Philippine gambling regulators, said he will "vigorously...
2/24/2012
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Report: Philippine leader orders probe of Okada, gaming regulator
(Philippines) -- Philippine President Benigno Aquino on Friday ordered a probe of the relationship between casino executive Kazuo Okada and the nation's top gaming...
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Wynn Macau Board Removes Okada as Director
(Hong Kong) -- Casino operator Wynn Macau Ltd. said Friday its board voted to immediately remove Kazuo Okada as a nonexecutive director, days after the board of parent...
2/23/2012
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Analysis: Wynn, Okada mud fight may not stick with officials
(Washington D.C.) -- A U.S. law against foreign bribery is the unusual weapon of choice in an increasingly bitter boardroom struggle between U.S. casino mogul Steve Wynn...
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‘Girls Gone Wild’ chief loses $7.5M ruling to Wynn
(Las Vegas) -- "Girls Gone Wild" founder Joe Francis says he'll ask a Nevada judge to rescind a $7.5 million award to casino mogul Steve Wynn in a...
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Wynn formally ousts Okada from board
(Las Vegas) -- Wynn Resorts Ltd. CEO Steve Wynn has ousted his former business partner Kazuo Okada from the board of Wynn Macau casino.
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Wynn Macau ousts Kazuo Okada from board
(Hong Kong) -- U.S. billionaire Steve Wynn stepped up the feud with his former business partner Kazuo Okada on Friday by removing the Japanese tycoon from the board of...
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The Wynn Fight and the $6,000-a-Night ‘High Rollers’ Suite
(Wall Street) -- The fight between the casino magnate Stephen A. Wynn and his erstwhile friend and business partner, Kazuo Okada, is a war over money, and lots of it.
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Manila casino project sparked Wynn-Okada row
(Philippines) -- A $2 billion casino project in the Philippines sparked the row between tycoons Steve Wynn and Kazuo Okada. Wynn Resorts filed a lawsuit in Las Vegas,...
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Pagcor chief: I'm collateral damage in tycoon war
(Philippines) -- Philippine Amusement and Gaming Corp. (Pagcor) chairman and chief executive officer Cristino Naguiat Jr. yesterday said he has become “collateral...
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PAGCOR claims 'standard reciprocity' in visit of its execs to Macau resort
(Philippines) -- The Philippine Amusement and Gaming Corporation (PAGCOR) and Malacañang confirmed Wednesday that top PAGCOR officials accepted free luxury accommodation...
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Palace draws flak for defending PAGCOR chief
(Philippines) -- Malacañang has drawn criticism for quickly defending Philippine Amusement and Gaming Corporation (PAGCOR) Chairman Cristino Naguiat Jr., who was accused...
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Wynn Macau Removes Okada From Board; Aquino Orders Investigation
(Philippines) -- Wynn Resorts Ltd.’s Macau unit removed Japanese billionaire Kazuo Okada as a non-executive director over what it described as “unacceptable...
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No-Win Situation for Pachinko King
(Japan) -- Japan's pachinko parlors aren't quite what they once were. The younger generation prefers to spend time and money on other diversions like video games...
2/22/2012
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Hearing in Wynn-Okada legal battle postponed two weeks
(Macau) -- Wynn Resorts Ltd. Chairman Steve Wynn is expected to convene an emergency meeting of the directors of Wynn Macau Friday to remove Kazuo Okada as a director of...
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Wynn raises the stakes in Las Vegas
(Las Vegas) -- There isn’t much moral high ground in Las Vegas and Steve Wynn failed to take it this week.
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Wynn aims to kick Okada off Macau board Friday
(Wall Street) -- Casino mogul Steve Wynn will convene an emergency meeting of the directors of Wynn Macau on Friday with the goal of kicking his former friend and...
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Wynn Finds Itself at War With Ousted Shareholder
(Wall Street) -- The battle lines are drawn. Over the weekend, Wynn Resorts forcibly repurchased a 19.66 percent stake in the company held by Azure USA, a Nevada company...
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Wynn Macau set to vote Okada removal
(Wall Street) -- The board of local gaming operator Wynn Macau will meet today or tomorrow to vote on the removal of director Kazuo Okada, involved in a messy legal...
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Wynn Macau to Discuss Removal of Okada
(Wall Street) -- Wynn Macau Ltd. (1128) will hold an emergency meeting of its board to discuss removing Japanese billionaire Kazuo Okada after parent Wynn Resort Ltd. (...
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Ex-Pagcor chief Genuino denies accepting bribes
(Philippines) -- Former Philippine Amusement and Gaming Corp. (Pagcor) chair Efraim Genuino refuted on Wednesday the accusations of US casino operator Wynn Resorts Ltd....
2/21/2012
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Casino mogul Steve Wynn's latest battle
(Las Vegas) -- International intrigue, billions of dollars and a former director of the FBI may sound like the makings of a plot line for a James Bond film, but they...
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Pachinko tycoon Okada dealt tough hand by Wynn
(Las Vegas) -- Kazuo Okada, the Japanese billionaire embroiled in a legal dispute with Las Vegas casino mogul Steve Wynn, has been dealt a tough hand by his ex-partner...
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Shareholder seeks to bar Wynn Resorts from buying back stock
(Las Vegas) -- A casino game company based in Japan that is the largest shareholder of Wynn Resorts Ltd. said Tuesday that it will seek a temporary restraining order and...
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Wynn: Okada misappropriated trade secrets, made false claims
(Las Vegas) -- The new Wynn Resorts Ltd. lawsuit against board member Kazuo Okada includes new, detailed allegations, including claims Okada misappropriated Wynn trade...
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Wynn Defends Ouster of Key Investor
(Wall Street) -- Wynn Resorts Ltd. forcefully defended on Tuesday its move to oust a major shareholder over the weekend, explaining the board acted out of an obligation...
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Wynn Resorts' shares rise after board member deemed unsuitable
(Wall Street) -- Shares of Wynn Resorts Ltd. rose almost 7 percent Tuesday after the company's board of directors declared co-founder Kazuo Okada unsuitable over the...
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Wynn stock opens higher on Okada move
(Wall Street) -- Wynn Resorts Ltd. shares opened higher Tuesday as investors absorbed the news from over the weekend that the Las Vegas casino company had involuntarily...
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Okada Put Official in $6,000 Suite: Wynn Report
(Macau) -- Wynn Resorts Ltd. accused Japanese billionaire Kazuo Okada of putting up a Philippines gaming regulator in a $6,000-a-day suite in Macau as part of a series...
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Philippines denies bribery: Okada files restraining order against Wynn
(Macau) -- Kazuo Ozada, the recently removed director of Wynn Resorts, has filed a restraining order against the gaming operator today (Macau time) to try to stop the...
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Palace: Freebies for Pagcor OK
(Philippines) -- Malacañang on Tuesday said there was nothing wrong with Philippine Amusement and Gaming Corp. (Pagcor) Chairman Cristino Naguiat accepting free...
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Philippine regulator denies casino graft
(Philippines) -- The Philippines' gaming regulator confirmed Wednesday that top officials accepted free luxury accommodation from a Japanese tycoon but denied these...
2/20/2012
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Japan's Universal: to take steps to protect investment in Wynn
(Japan) -- Japan's Universal Entertainment Corp said on Tuesday that it would take all necessary legal steps to protect its investment in Wynn Resorts Ltd.
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Macau regulator wants more info on Okada buyout
(Macau) -- Macau’s gaming regulator has requested Wynn Macau Ltd. for more information on the decision made by Wynn Resorts Ltd. to forcibly buy out its largest...
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Okada plans legal showdown with Wynn over share redemption, bribery charges
(Wall Street) -- Wynn Resorts Ltd. board member Kazuo Okada said late Sunday he wouldn't consent to Wynn's effort to redeem his shares in the Las Vegas-based...
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Okada Takes Court Experience to Wynn Fight
(Wall Street) -- Kazuo Okada, the Japanese billionaire forced to sell his stake in Wynn Resorts Ltd. (WYNN) at a discount, pledged to fight to protect his investment. He...
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Pagcor says Japanese casino operator denies Wynn bribery allegations
(Philippines) -- Philippine Amusement and Gaming Corp. (Pagcor) Chairman Cristino Naguiat said a Japanese casino magnate with a license to operate in Pagcor's...
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Wynn Resorts Draws Fire / After Co-Founder Is Bought Out, His Universal Entertainment Slides 21%; 'A Dirty War'
(Wall Street) -- The co-founder of Wynn Resorts Ltd., who was forcibly bought out over the weekend, fired back at the casino company in a written statement Monday,...
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Wynn's War: Casino Titans Go to Battle
(Wall Street) -- A partnership that built two Macau casinos that together bring in three-quarters as much revenue as the entire Las Vegas Strip ended in the middle of...
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Wynn: Okada's denial is an admission of wrongdoing
(Las Vegas) -- Wynn Resorts Ltd. CEO Steve Wynn escalated his dispute with his former business partner and ex-company vice-chairman Kazuo Okada Monday, accusing the...
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Wynn director could face Macau bribery charges
(Macau) -- Wynn Macau director Kazuo Okada may face bribery charges after a probe by the casino operator’s mother company uncovered alleged improper payments to...
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