Wynn Resorts given Tuesday deadline to turn over books, records

Wynn Resorts Ltd. has until today to turn over to former major shareholder Kazuo Okada various books and records dating back a decade or more.

Clark County District Judge Elizabeth Gonzales signed an order on Monday setting the deadline for the company, but had issued an oral ruling on Oct. 1. At that time, she also turned down the bid by Okada and his Aruze USA to vote its nearly 20 percent stake in Wynn, which the company forcibly redeemed at a 30 percent discount in February.

Included among the documents Okada gets to see - a list that was slimmed considerably from when the case was filed in January - are entertainment records of Macau government officials by Valvino Lamore LLC, Wynn Resorts' predecessor, contacts with Macau officials and expenditures more than $10,000. All cover the period of 2000-2002.

In addition, Okada can examine Macau-related spending and advances by CEO Steve Wynn, plus spending greater than $10,000 from the $120 million Aruze invested in the company a decade ago.

Contact reporter Tim O'Reiley at
toreiley@reviewjournal.com or 702-387-5290.