• Mon
  • Jul 14, 2014
  • Updated: 4:29pm

Steve Wynn

Casino union, moguls wage election fight in Nevada

When Karl Marx predicted class struggle between capital and labour, he probably did not envisage Cheryl Lawrence, a casino pastry chef and single mother, cruising into battle down a Las Vegas freeway reciting a quote from the Disney film Finding Nemo: "Just keep sw

Tuesday, 16 October, 2012, 4:19am

Wynn gets to grill Okada in fight for control of casino empire

Gaming mogul Steve Wynn may gain an edge in his courtroom battle for control of a US$10 billion casino empire as business-partner-turned-rival Kazuo Okada is forced to answer questions from Wynn Resorts' lawyers.

14 Sep 2012 - 4:10am

Briefs, September 13, 2012

Chicago teachers strike drags into third day

13 Sep 2012 - 4:11am

World news in brief - September 6, 2012

Wynn denies porn producer death threats

6 Sep 2012 - 3:51am

Okada asks judge to restore Wynn shareholder rights

Japanese pachinko billionaire Kazuo Okada asked a federal court in the United States to restore his rights as the largest shareholder of Wynn Resorts, and to halt an 'unlawful' bid by Wynn chief executive Steve Wynn to remove him from the board.

16 Jun 2012 - 12:00am

Wynn casino resort to cost US$4b

US casino magnate Steve Wynn said yesterday that his new Cotai casino resort in Macau would cost US$4 billion to build.

Approval for a 51-acre site at Cotai was awarded to Wynn early last month. The casino giant currently operates a single high-end property, which opened in 2006, on the Macau peninsula but Cotai is fast becoming the city's new gaming mecca.

6 Jun 2012 - 12:00am

Wynn vows to fight suit filed by major shareholder

Casino operator Wynn Resorts fired back at its largest shareholder, calling a lawsuit filed against the company by Japanese pachinko billionaire Kazuo Okada 'preposterous'.

Okada, a director of the company and its biggest shareholder with a 20 per cent stake, is a long-time business partner of Las Vegas gaming magnate Steve Wynn.

14 Jan 2012 - 12:00am

Wynn sued over HK$1b Macau donation

Kazuo Okada, the billionaire who is the biggest shareholder in the casino developer Wynn Resorts, is suing the company for access to its financial records over an 'unprecedented' HK$1 billion donation to the University of Macau Development Foundation and other transactions.

13 Jan 2012 - 12:00am

Macau casinos still on a hot streak

Casino developer Steve Wynn says there are no signs yet that Macau's high-stakes gambling volumes are being hit by the broader economic slowdown in the region.

21 Oct 2011 - 12:00am

Using maths to parlay a small edge into billions

How did Stanley Ho Hung-sun, Steve Wynn and all the other casino kingpins get so rich? You may think it's because their casinos have overwhelming odds against the gamblers. In fact, the casino's edge is tiny. You may think the gaming business generates high returns with each transaction. In fact, some games produce a return of only 0.5 per cent to 2.7 per cent on average in each round of play.

21 Aug 2011 - 12:00am

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