Wynn on Winning Streak in 5-1/2 Year Feud With Former Partners
- Billionaire gets key victories in Macau, Nevada courts
- Former friend and business parter Okada’s suit ‘beheaded’
Steve Wynn
Photographer: Jerome Favre/BloombergThis article is for subscribers only.
Steve Wynn’s recent winning streak in court is not only positioning the casino mogul to consolidate control of his empire -- it could help him expand into Japan.
Courts in Macau and Nevada last month handed Wynn key victories, dismissing a $1 billion lawsuit by his former business partner Kazuo Okada and, according to Wynn’s lawyer, “beheading” the Japanese billionaire’s claims in Las Vegas. The two have been feuding since Wynn pushed him out of Wynn Resorts Ltd., alleging he bribed Philippine gaming officials.