Market Overview

Wynn Releases Statement on Okada Letter to Shareholders

Wynn Resorts (NASDAQ: WYNN) today issued the following
statement in response to the letter to shareholders issued yesterday by
Kazuo Okada, Aruze USA, Inc. (“Aruze”) and Universal Entertainment Corp.:

“Aruze has not been a stockholder of Wynn Resorts, Limited since
February 18, 2012 when its shares were redeemed by the Wynn Board after
a lengthy, third-party investigation uncovered prima facie evidence of
improper conduct under the Foreign Corrupt Practices Act by Mr. Okada,
Universal Entertainment and Aruze in their dealings with Philippine
officials.

“This most recent filing is a regrettable attempt to divert attention
from the issues facing Mr. Okada and Aruze. Given the fact that Aruze

See full press release

Posted-In: News Guidance Financing Global

 

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