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Okada sues Wynn for $800 million

Japanese billionaire files counterclaim in forced stake redemption dispute

The legal squabble between U.S. casino magnate Steve Wynn and Japanese gaming investor Kazuo Okada looks to be a protracted one.

For more than a decade, the billionaire Okada has helped fund Wynn’s Las Vegas-based casino company, Wynn Resorts Ltd. Okada held 20 percent stake in the company and also served as its vice chairman.

Ashley Post

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