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Sunday, January 15, 2012

A Partners' Fight Erupts at Wynn

A Partners' Fight Erupts at Wynn
BY ALEXANDRA BERZON AND KATE O'KEEFFE

A battle that erupted this week between Steve Wynn and a longtime business partner reveals turmoil within the casino mogul's global empire that could add to its challenges in the explosive Asian casino market.

On Wednesday, the business partner, Kazuo Okada, a director and the biggest shareholder of Wynn Resorts Ltd., alleged in a lawsuit filed in Clark County District Court that he was blocked by Mr. Wynn from seeing the company's financial records after he contested the company's donation of $135 million to a university in Macau.

The suit said Mr. Okada also wanted to see the records to ...

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