Wynn Resorts has agreed to pay $2.4 billion in a settlement with a Tokyo casino game maker and its U. S. unit over the forced redemption of their shares in the Las Vegas-based casino operating company in 2012.
Wynn Resorts has agreed to pay $2.4 billion in a settlement with a Tokyo casino game maker and its U. S. unit over the forced redemption of their shares in the Las Vegas-based casino operating company in 2012.
The company on Thursday announced the settlement with Universal Entertainment Corp., which previously held an almost 20 percent stake in Wynn Resorts through its subsidiary Aruze USA Inc. Wynn Resorts, which is facing scrutiny over sexual misconduct allegations against its founder and former CEO, agreed to pay the sum by March 31. The legal fight between the companies dates back to 2012, when Wynn Resorts pushed out Universal’s founder Kazuo Okada after finding the Japanese tycoon made improper payments to overseas gambling regulators.
