Kazuo Okada Statement on His Application for a License from the California Gambling Control Commission

  Kazuo Okada Statement on His Application for a License from the California
  Gambling Control Commission

Statement Follows CA Department of Justice Reaffirmation of its Recommendation
         of Suitability to the California Gambling Control Commission

   Okada also Comments on Wynn Resorts Ltd.’s Motion to Amend its Feb. 2012
                                  Complaint

Business Wire

LAS VEGAS -- March 6, 2013

Kazuo Okada issued the following statement today on his and his wholly-owned
subsidiary Aruze Gaming America’s (AGA) application for a Gaming Resource
Supplier license from the California Gambling Control Commission (CGCC):

“I am pleased that the California Department of Justice Bureau of Gambling
Control recently reaffirmed its “Finding of Suitability” recommendation from
December 4, 2012 to the CGCC for AGA (which is wholly owned by me) and its
principals. In its February 27, 2013 letter to AGA, the Bureau of Gambling
Control indicated it found no reason not to continue to recommend AGA and me
for licensure by the CGCC.

The reaffirmation of this recommendation paves the way for the CGCC to make a
final determination about our Gaming Resource Supplier license application
when it reviews such applications next month. Based on the CA Department of
Justice’s recommendation to the CGCC, we look forward to the final
determination of our application for licensure in the near future.

Since February 18, 2012, after Wynn Resorts Ltd. brought suit against me in
Nevada state court, I have received new gaming licenses in 17 jurisdictions
where AGA was not previously licensed, including in Arkansas; Ontario, Canada;
and from 15 American Indian tribes. Also since that time, AGA has obtained
renewal approval for five state licenses in Arkansas; Alberta, Canada;
Florida; Mississippi; and Oklahoma, and had more than 50 of its American
Indian tribal licenses renewed. Each of these new licenses and renewals has
been based on a determination that I am ‘suitable’.

AGA currently holds 43 licenses with American Indian tribes that operate
casinos in California. We are seeking a state-wide license in California based
on the positive market response we are seeing to our range of slot machines
and gaming devices, as well as our confidence in our business strategy.
Business momentum is strong and we look forward to continuing our solid growth
across the U.S. market.”

Wynn Resorts Ltd. Amends Its Complaint Against Mr. Okada

Mr. Okada also announced today that Wynn Resorts, Ltd. has sought permission
from the Nevada state court to amend its complaint against Mr. Okada,
Universal Entertainment and Universal Entertainment’s subsidiary, Aruze USA,
Inc. In the February 27, 2013 proposed amendment, Wynn Resorts seeks to
abandon its claims that Mr. Okada, Universal Entertainment and Aruze USA
misappropriated Wynn Resorts’ trade secrets. Wynn Resorts also now admits that
it was aware of Mr. Okada’s pursuit of a casino resort project in the
Philippines long before 2011, contradicting Wynn Resorts’ original complaint
filed on February 19, 2012.

Mr. Okada added, “Wynn Resorts, at Steve Wynn’s direction, has tried to
characterize me as ‘unsuitable’ with baseless accusations, but the truth is
now beginning to come out. Wynn Resorts’ abandonment of its trade secret
misappropriation claims and concession that it knew about my and Universal
Entertainment’s pursuit of the Philippine casino resort project long before
2011 sharply contradict the allegations made in Wynn Resorts’ original
complaint against me and Universal Entertainment.

The truth is that we were invited by the Philippine government to consider
this project, and I personally presented it to Stephen Wynn as an opportunity
for Wynn Resorts. The project stood to present substantial benefit to Wynn
Resorts and its shareholders, but Mr. Wynn spurned the opportunity.

Mr. Wynn has subsequently attempted to use my pursuit of a project that will
provide substantial economic benefit to the Philippine people as a weapon to
attack my integrity, forcibly redeem Aruze USA’s nearly 20% stake as a Wynn
Resorts shareholder, and then remove me from the Wynn Resorts’ Board. I am
confident that the remaining allegations made by Wynn Resorts will similarly
be proven false, just like the trade secret allegations that Wynn Resorts now
seeks to abandon.”

Mr. Okada is also a co-founder of Wynn Resorts, Ltd, and founder and Chairman
of Universal Entertainment Corporation.

About Aruze Gaming America, Inc.

Las Vegas-based Aruze Gaming America, Inc. designs, develops and manufactures
slot machines and gaming devices for the global casino market. With
subsidiaries in Australia, South Africa, Macau and Japan, Aruze Gaming America
produces highly innovative gaming products, including high resolution video
and stepper slot machines, communal gaming products and multi-terminal
devices. For more news and information on Aruze Gaming, please visit
http://www.aruzegaming.com.

Contact:

For Aruze Gaming America, Inc.:
Rob Ziems, 702-361-3166
Executive Vice President, General Counsel
rob.ziems@aruze-gaming.com
or
For Kazuo Okada:
RLM Finsbury
Kirsti McCabe / Chris Mumma
646-805-2000
Okadamedia@rlmfinsbury.com
 
Press spacebar to pause and continue. Press esc to stop.