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October 1, 2014

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Wynn Resorts seeking to remove Okada at Feb. 22 meeting

Wynn Resorts Ltd. (WYNN) scheduled a special Feb. 22 shareholder meeting to vote on the proposed ouster of Kazuo Okada, once the casino company’s largest investor, from the board of directors.

The executive committee of Wynn’s board believes Okada has not been acting in the best interests of the company and its shareholders, according to a regulatory filing today. The Las Vegas-based resort and casino operator has been locked in legal disputes with Okada since January 2012, according to the filing.

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