The Man Who Would Be WynnBy Muhammad Cohen, Inside Asian GamingNovember 1, 2018 at 1:56 pmKazuo Okada and Steve Wynn jointly created Wynn Resorts. In February 2012, Wynn Resorts directors removed Okada as vice chairman and redeemed Universal Entertainment’s 20% stake at a US$900 million discount, payable over 10 years, accusing Okada of granting improper hospitality to Philippine government officials.Okada’s ouster initiated a legal battle that ended with a settlement in March this year. With their founders sidelined under different yet equally extraordinary circumstances, the companies settled with Universal receiving US$2.6 billion for its shares. Wynn also dropped its lawsuit against Okada, alleging misconduct as a director. Okada says that if he still ran Universal he would have wanted the shares back, making Universal Wynn’s largest shareholder again.