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Wynn Macau releases statement on Okada removal24 February 2012MACAU -- (PRESS RELEASE) -- Wynn Macau, Limited, a subsidiary of Wynn Resorts, Limited, today announced that its Board of Directors met today to review Mr. Kazuo Okada’s status as a Director of the Company. All of the other Directors voted unanimously to remove Mr. Okada from the Board and the removal is effective immediately. The Board of Directors issued the following joint statement: “The Board considered the information disclosed by Wynn Resorts, Limited concerning the independent report (as further described in the 20 February Announcement) commissioned by the Compliance Committee of Wynn Resorts, Limited. After due consideration of the independent report, taking into account the Company’s high ethical standards, the Board determined that it was obligated to remove Mr. Okada as a non-executive Director given the unacceptable conduct by Mr. Okada, his employees and associates detailed in the independent report. Accordingly, the Board resolved to remove Mr. Okada as a non-executive Director of the Company.” |