Okada Accuses Wynn Resorts Head, GC Of Racketeering

Law360, New York (June 15, 2012, 4:03 PM EDT) -- Japanese gaming tycoon Kazuo Okada escalated his legal battle against Las Vegas mogul Steve Wynn in Nevada federal court Thursday with a motion for a preliminary injunction to protect his stake in Wynn Resorts Ltd. and new counterclaims accusing Wynn and his general counsel of racketeering.

In the latest blow in the billionaires' battle over a Macau casino development project, Okada asked the judge to block Wynn from preventing him and Universal Entertainment Corp. affiliate Aruze USA Inc. from exercising their rights as stockholders over allegations...
To view the full article, register now.