Nikkei Closes Down Over 7% After Volatile Session
Steve Wynn Profile, Biography, About
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HONG KONG, May 6- Macau casino operator SJM Holdings Ltd, controlled by the family of gambling tycoon Stanley Ho, posted a 12 percent year-on-year increase in first-quarter net profit, buoyed by strong interest from cash-rich Chinese gamblers. Macau, a former Portuguese colony, is the only place in China where citizens can legally gamble in casinos.
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LOS ANGELES, May 3- Wynn Resorts Ltd said on Thursday its legal battle with Kazuo Okada has been put on hold for six months to allow U.S. prosecutors to pursue a criminal investigation into possible bribery by Okada and his companies in the Philippines.
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LOS ANGELES, May 3- Wynn Resorts Ltd said on Thursday its legal battle with Kazuo Okada has been put on hold for six months to allow U.S. prosecutors to pursue a criminal investigation into possible bribery by Okada and his companies in the Philippines.
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MACAU, April 14- Casino magnate Sheldon Adelson's reference to triad organised crime gangs in testimony in a lawsuit has hit a raw nerve in Macau, the Chinese boomtown that his Las Vegas Sands Corp helped transform from a gangland haven into a $38 billion gambling capital.
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TOKYO, April 10- Japanese billionaire Kazuo Okada and his companies are being investigated in the United States for potential violations of anti-bribery laws in relation to a $2 billion casino project in the Philippines, according to a court filing.
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NEW YORK, March 26- Hedge fund manager Steven A. Cohen has bought a famous Picasso painting from casino mogul Steve Wynn for a record price, according to a report in the New York Post on Tuesday.
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TOKYO/ SAN FRANCISCO, March 8- Universal Entertainment Corp founder Kazuo Okada and three other directors of the Japanese gaming company have been summoned by the Nevada casino regulator to a closed-door hearing next week, two people with direct knowledge of the matter said.
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LOS ANGELES, Feb 21- Dissident Wynn Resorts Ltd shareholder Kazuo Okada resigned on Thursday from the casino giant's board, one day before a scheduled special shareholder meeting to vote on his removal. Okada's Universal Entertainment was Wynn's largest shareholder until Feb. 18, 2012, when the board forceably redeemed its 19.75 percent stake.
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Feb 15 Las Vegas- A federal judge allowed Wynn Resorts to hold a special shareholder meeting on Feb 22 to remove dissident shareholder Kuzuo Okada from its board, the latest twist in a year-long battle between Wynn chief executive Steve Wynn and his one-time partner and largest investor.
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TOKYO, Feb 5- The Osaka Securities Exchange is investigating how Universal Entertainment Corp accounted for millions of dollars paid in 2010 to advance the Japanese firm's casino project on Manila Bay, people with direct knowledge of the inquiry said.
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LONDON, Dec 21- Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners of artwork destroyed when Superstorm Sandy flooded galleries in New York.
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TOKYO, Dec 14- Japan's Nikkei share average is expected to trade in a narrow range on Friday as investors adjust their positions before Sunday's election amid chart signals that the market is' overbought' after jumping to an eight-month high.
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LOS ANGELES, Dec 13- Wynn Resorts Ltd Chairman and Chief Executive Officer Steve Wynn said his company will call a special shareholder meeting to vote on removing dissident former shareholder, and Japanese billionaire, Kazuo Okada from the casino company's board of directors.
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TOKYO, Dec 13- Japan's Universal Entertainment Corp said on Thursday it had filed a criminal complaint in the Philippines against the chairman of Wynn Resorts, Steve Wynn, accusing him of libel over allegations of improper payments. The complaint relates to allegations in an internal investigation, the results of which were published on Wynn Resorts' website.
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HONG KONG, Dec 4- Chinese authorities are pressing Macau to step up scrutiny of money transfers as part of a broader move to combat corruption and promote "responsible gaming" in the casino halls of the world's largest gambling hub.
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Beijing has in recent months sent strong signals to Macau authorities to tighten regulation and promote responsible gaming in the world's casino capital.
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TOKYO/ SAN FRANCISCO, Nov 30- Japanese billionaire Kazuo Okada's Universal Entertainment funnelled at least $30 million to an ex-consultant for the Philippines gaming authority who is now at the center of a bribery investigation, according to sources and company records.
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A few companies appear likely to dole out payments before year end, the CNBC “Fast Money” pros said Tuesday.