News

Shareholder Makes Allegations Against Wynn

View Comments
(Photo by Ethan Miller/Getty Images)

(Photo by Ethan Miller/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

(Tokyo)  —  Wynn Resort’s largest shareholder is fighting back against efforts to remove him from the board of directors.  In a federal lawsuit, Kazuo Okada alleges the Las Vegas gaming firm violated racketeering laws, when board members voted to redeem his shares.  Okada contends his 20-percent stake in Wynn Resorts remains outstanding.  The company claims in an internal investigation that Okada violated federal anti-corruption laws, by making improper payments to Philippine gaming officials.  Wynn Resorts says it will hold a special board meeting to remove Okada from the board, but no date has been set.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,209 other followers