Lawyers: Okada thought deal would lead to loan from Wynn Resorts

Casinos & Gaming – Las Vegas Review-Journal

Lawyers: Okada thought deal would lead to loan from Wynn Resorts

Lawyers for Kazuo Okada said the Japanese billionaire signed a consent to allow Elaine Wynn to sell her shares in Wynn Resorts on the presumption the company would lend him money. The loan never materialized and Okada now claims it resulted in increased financial costs for his Philippines casino project.

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