Wynn Resorts Issues Statement on Okada Letter to Shareholders
LAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (NAS: WYNN) today issued the following statement in response to the letter to shareholders issued yesterday by Kazuo Okada, Aruze USA, Inc. ("Aruze") and Universal Entertainment Corp.:
"Aruze has not been a stockholder of Wynn Resorts, Limited since February 18, 2012 when its shares were redeemed by the Wynn Board after a lengthy, third-party investigation uncovered prima facie evidence of improper conduct under the Foreign Corrupt Practices Act by Mr. Okada, Universal Entertainment and Aruze in their dealings with Philippine officials.
"This most recent filing is a regrettable attempt to divert attention from the issues facing Mr. Okada and Aruze. Given the fact that Aruze was ejected seven months ago as a Wynn shareholder based on conduct unacceptable for a gaming licensee, it has absolutely no rights as a shareholder to nominate directors and its invalid nominations have been rejected on this basis."
Important Additional Information*
Wynn Resorts, Limited, its directors and certain of its officers may be deemed to be participants in the solicitation of proxies from Wynn Resorts, Limited shareholders in connection with the matters to be considered at the Wynn Resorts, Limited Annual Meeting. Wynn Resorts, Limited intends to file a proxy statement with the U.S. Securities and Exchange Commission (the "SEC") in connection with any such solicitation of proxies from Wynn Resorts, Limited shareholders. WYNN RESORTS, LIMITED SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND ACCOMPANYING PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Information regarding the ownership of Wynn Resorts, Limited directors and executive officers in Wynn Resorts, Limited stock, restricted stock and options is included in their SEC filings on Forms 3, 4 and 5, which can be found at the Wynn Resorts, Limited website www.wynnresorts.com in the section "SEC Filings". More detailed information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with the SEC in connection with the Wynn Resorts, Limited Annual Meeting. Information can also be found in the Wynn Resorts, Limited Annual Report on Form 10-K for the year ended December 31, 2011, filed with the SEC on February 29, 2012, as amended on April 30, 2012. Shareholders will be able to obtain any proxy statement, any amendments or supplements to the proxy statement and other documents filed by Wynn Resorts, Limited with the SEC for no charge at the SEC's website at www.sec.gov. Copies will also be available at no charge at the Wynn Resorts, Limited website at www.wynnresorts.com in the section "SEC Filings" or by writing to Wynn Resorts, Limited at firstname.lastname@example.org or at 3131 Las Vegas Blvd. South Las Vegas, NV 89109, Attention: Samanta Stewart, Investor Relations.
*By including this legend, Wynn Resorts, Limited does not acknowledge or admit that any other party has satisfied the requirements to (i) validly nominate directors or (ii) present any matters addressed in any proxy solicitation by such other party, at the Wynn Resorts, Limited Annual Meeting.
Samanta Stewart, 702-770-7555
Sard Verbinnen & Co.
George Sard/Paul Kranhold/Charles Sipkins
212-687-8080 / 415-618-8750 / 310-201-2040
KEYWORDS: United States North America Nevada
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