Casinos & Gaming
Personal and business ties that date back more than a decade between Steve Wynn and Japanese gaming magnate Kazuo Okada could come to hurt the lawsuit brought by Wynn Resorts Ltd. to validate the forced redemption of Okada’s stake in February.
International Game Technology’s top executives told the company’s shareholders that allowing the slot machine manufacturer’s former chairman to win three seats on the board of directors in a proxy fight “would be a step in the wrong direction.”
The parent company of the Palms has agreed to pay a $1 million fine to settle a 17-count complaint by the Nevada Gaming Control Board resulting from a failure to prevent illegal activity, including drug sales and prostitution, at clubs on the property.
As Wynn Resorts Ltd. Chairman and CEO Steve Wynn confirms his intentions to build a $1 billion hotel-casino in Massachusetts, a key issue ahead will be obtaining local approval, a Las Vegas-based gaming industry analyst said Friday.
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