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Wynn Resorts News
Wynn Resorts seeks to remove Okada at Feb. 22 meeting
4 Jan 2013
In a regulatory filing with the Securities and Exchange Commission on Thursday, the executive committee of Wynn Resorts' board said it believes Okada has "not been acting in the best interests of the company and its shareholders."
Wynn signs option to buy land for Massachusetts casino
24 Dec 2012
Wynn Resorts Ltd. confirmed Friday that it had executed a two-year option agreement to buy 30 acres of land in Massachusetts to build an urban gambling resort.
Wynn signs option on land in move toward possible Mass. casino
21 Dec 2012
Wynn signs option on Mystic River land in Everett, Massachusetts.
Wynn Resorts plans to remove Okada from company board
17 Dec 2012
Wynn Resorts said in a filing Friday with the Securities and Exchange Commission it plans a special meeting to vote on Kazuo Okada's removal. A two-thirds vote of the shareholders is required to remove Okada, whose nearly 20 percent stake was seized by the company earlier this year.
Wynn has not yet leased Everett land
14 Dec 2012
Everett Mayor clarifies previous comments on Wynn and lease agreement on Mystic River land.
Universal files criminal complaint against Wynn in Philippines
14 Dec 2012
Universal Entertainment Corp. said it had filed a criminal complaint in the Philippines against Wynn Resorts Ltd. Chairman and CEO Steve Wynn, accusing the Las Vegas-based casino developer of libel over allegations of improper payments.
Wynn leases former factory building in Everett
12 Dec 2012
Speculation rising Wynn will apply for license to build a casino in Everett, Massachusetts.
Macau gaming revenues grow 8 percent in November
4 Dec 2012
Wells Fargo Securities gaming analyst Cameron McKnight said economic data from China last week indicated the economic environment in the region may have stabilized
Macau: Cash cow for Nevada gaming companies
4 Dec 2012
With a month left in 2012, most gaming analysts expect Macau to post an annual gaming revenue increase between 8 percent and 12 percent beyond 2011's record haul of $33.5 billion.
Report: Steve Wynn pursuing Massachusetts casino site
27 Nov 2012
The Las Vegas casino developer is pursuing a site for the second time in the Bay State. In May, Wynn pulled out of a deal with the Kraft Group, owner of the New England Patriots, that would have built a $1 billion casino-resort adjacent to Gillette Stadium in Foxborough.
Wynn Resorts, others paying special dividends before '13
26 Nov 2012
Wynn Resorts last Tuesday paid an $8-a-share dividend, including the regular 50-cent quarterly amount. The special dividend is expected to cost Wynn Resorts $750 million, according to the company.
Law firm drops Kazuo Okada in Wynn Resorts legal battle
19 Nov 2012
Paul Spagnoletti, an attorney with the New York offices of Davis, Polk, Wardwell, was unavailable for comment Friday. The court papers filed in Clark County District Court did not cite a reason for the sudden withdrawal.
Wynn Resorts ordered into arbitration over disputed fee
15 Nov 2012
The 9th U.S. Circuit Court of Appeals decided that the case belonged in front of an arbitrator instead of a federal judge.
Okada's counterattack against Wynn Resorts scaled back
14 Nov 2012
Kazuo Okada's counterattack against Wynn Resorts Ltd. for the forced redemption of his shares in February was trimmed at a Tuesday hearing but largely left standing.
Inside Gaming: Piles of cash, torrents of tweets and lots of crazy - gaming's political lunacy
12 Nov 2012
It only cost Penn National Gaming $42 million to embarrass itself.
Wynn Resorts to bid for casino in Philadelphia
9 Nov 2012
The chairman of Wynn Resorts Ltd. proposes to build a 150,000-square-foot casino with 900 slot machines and 100 table games and a 300-room hotel on about 60 acres of waterfront property, a company spokesman confirmed Thursday.
Letter knocks Wynn board exclusion
4 Nov 2012
In a letter dated Oct. 31 but released by one of Okada's law firms shortly after the meeting started, the Japanese gaming tycoon and former largest shareholder, decried the "illegal maneuver" the company took on Feb. 18 by creating an executive committee that includes the other 10 directors.
Wynn Resorts third-quarter profit declines; revenue flat
25 Oct 2012
Wynn Resorts said its net income for the third quarter was $112 million, or $1.11 per share, compared with $127.1 million, or $1.01 per share, for the same period last year.
Wynn Resorts, Limited reports third quarter 2012
25 Oct 2012
Net revenues for the third quarter of 2012 were $1,298.5 million, compared to $1,298.3 million in the third quarter of 2011.
Wynn Resorts ranks 26th on Fortune's "Fastest-Growing Companies" list
25 Sep 2012
The company's ranking comes as it prepares to replace a long-term board member and faces several lawsuits.
Wynn Resorts sole Nevada company on Fortune Magazine's list of 100 Fastest-Growing Companies
24 Sep 2012
The company ranks No. 26 on the list overall.
Wynn Resorts issues statement on Okada letter to shareholders
19 Sep 2012
Wynn Resorts has issued a statement in response to the letter to shareholders issued Monday by Kazuo Okada, Aruze USA, Inc. (“Aruze”) and Universal Entertainment Corp.
Moran stepping down from Wynn board of directors
17 Sep 2012
Hohn Moran, 79, has served as an independent director since October 2002 and will retire at the annual shareholder meeting scheduled for November 2 in Las Vegas.
Kazuo Okada nominates two candidates for Wynn Resorts board
7 Sep 2012
The Okada nominees, identified in an SEC filing late Wednesday, are Jonathan Macey, a Yale Law School professor who specializes in corporate and securities law; and accountant Fredric Reynolds.
Universal Entertainment file defamation lawsuit in Japan against Wynn Resorts Ltd CEO Stephen Wynn
29 Aug 2012
Lawsuit seeks approximately approximately $140 million in damages related to Wynn's attempt to strip Aruze USA Inc. of its interest in Wynn Resorts and remove Okada as a director.
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