Wynn Resorts has accused Kazuo Okada of recycling his previous allegations after the gaming industry magnate brought another legal case against the firm which he was once the largest shareholder of. Following the allegations, Wynn’s statement to Reuters read: “Mr. Okada is recycling his previous baseless allegations in the press, while continuing to interfere with the judicial process by refusing to accept service of court documents. The facts clearly justify the carefully considered actions taken by the Wynn Board to redeem an unsuitable shareholder in order to protect the company and its shareholders”. It comes after Okada filed his latest case against Wynn in a squabble that started after the company forcibly removed him as their largest shareholder. Mark our words: they could make a soap opera out of this one day!
Another Vegas casino business reliant on Macau, Las Vegas Sands, has seen a Nevada court throw out an injunction it filed against Taiwan-based Asian American Entertainment Corporation. It links back to a case brought by the owner of the firm, Marshall Hao, and his claim that he wasn’t properly compensated for helping obtain a Macau licence for Sands in 2002. The injunction was being sought because, according to Macau Business Daily, there was a similar suit that was dismissed by a Nevada court in 2010 on procedural grounds. The injunction was rejected because “federal courts are generally reluctant to inject themselves in the proceedings of the courts of other sovereign nations” and the claim itself has “never been actually litigated”.
One of the enclave’s largest mobile data networks went down late last week due to an unstable service. Some of 3 Macau’s customers were unable to access the Internet for as long as 20 hours and a press release from the company said: “Initial investigation showed that the incident was caused by a group of unstable firewall software for data transmission”. It’s the third such blackout so far this year after CTM suffered two and the government will look at why this has happened again.
Macau’s Transport Bureau is considering a hike in the start-up taxi fare to MOP2.00. it would mean the taxi flag fall going up to MOP15 from the start of July but the rate after that remains at MOP1.50 for each 230 metres.
