Nevada Court asks for more detail about Kazuo Okada request
Clark County District Court Judge Elizabeth Gonzalez allowed Okada to amend the request, ahead of taking a decision on the matter, scheduled for June 28.
In January, Okada sought a court order that, as a director, he was entitled to inspect Wynn Resorts’ books and records regarding the company’s us$ 135 million pledge to the University of Macau. He was Wynn Resorts’ biggest shareholder until the company announced in February that it would forcibly buy him out.
The gaming operator’s decision came after a year-long internal investigation that concluded that Okada had allegedly offered cash payments and gifts totalling approximately us$ 110,000 to executives at the Philippines Amusement and Gaming Corporation (Pagcor), breaching U.S. anti-corruption laws.
Wynn Resorts is Wynn Macau’s parent company.
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