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Wynn Macau removes co-founder Kazuo Okada from board – Retail in Asia

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Wynn Macau removes co-founder Kazuo Okada from board

Casino company Wynn Macau has removed co-founder Kazuo Okada, it said in a filing to the Hong Kong Stock Exchange.

It is the latest escalation in a battle between Okada and long-time business partner and casino mogul Steve Wynn, who is CEO of Wynn Resorts.

At an emergency board meeting on Friday the firm, part of US parent Wynn Resorts, decided to oust him.