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May 19, 2013

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Okada resigns from Wynn Resorts board

LAS VEGAS — Wynn Resorts Ltd. says Kazuo Okada has resigned from its board, potentially ending a long-running dispute between CEO Steve Wynn and the Japanese billionaire. Okada was once the largest shareholder in Wynn Resorts, but the company forcibly bought back his stake. The casino operator alleges Okada acted improperly in dealings with Philippine officials. Okada says the CEO seeks to push him out and increase his own control of the company. The two men have traded accusations of unethical or illegal conduct during an extended legal battle between one-time friends that has become increasingly personal and public. A ...

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Discussion: 1 comment so far…

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  1. By vegaslee
    Feb. 21, 2013
    3:01 p.m.
    Flag

    I guess it looks better to resign than to be voted out. Glad to see this nonsense coming to an end.

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