Wynn Shakes Off Troubles Over Macau Casino Deal

Law360, New York (February 4, 2013, 2:34 PM EST) -- Mogul Steve Wynn's hotel company escaped unscathed from a Nevada agency's investigation into shareholder allegations that it masked a $135 million bribe for a Macau casino project in a university donation and has also had a related suit tossed, Wynn Resorts Ltd. said Monday.

The Nevada Gaming Control Board has concluded that Wynn Resorts investor Kazuo Okada's allegations about the University of Macau donation were unfounded and a Nevada federal judge also granted the company's motion to dismiss a derivative shareholder suit over the issue, Wynn...
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