Former Wynn Partner Okada Calls Macau Donation ‘Suspicious’
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Kazuo Okada, a co-founder of Wynn Resorts Ltd. who is locked in a legal battle with his former partner Steve Wynn, accused the company of making a “suspicious” $135 million donation to a Macau university.
Okada, who is suing to reclaim a 20 percent stake seized by the casino operator, said today in a letter to shareholders filed with regulators that investors have lost confidence in Wynn Resorts’ management and board.