Wynn Resorts Ltd may have to pay more compensation to former shareholder Kazuo Okada, according to Fitch Ratings. Our sister publication Business Daily reports Mr Okada, a Japanese pachinko tycoon, was forced to sell his shares in Wynn Resorts in February last year at a discount of about 30 percent to the market price. The discount was worth about US$830 million (MOP6.63 billion). Wynn Resorts, the parent company of Wynn Macau Ltd, cancelled Mr Okada’s shareholding after saying he had risked its Nevada gaming licence. Fitch says there is a chance the Nevada courts could order Wynn Resorts to increase its payout, which is putting downward pressure on its ratings for the company.
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