SUMMARY
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The company of controversial Japanese billionaire Kazuo Okada filed an Internet libel case versus his partner-turned-bitter foe, Steve Wynn, in Manila for “maliciously” leaking to the press a report adversarial to Okada. In a December 13 disclosure to the Japanese stock exchange, Okada-led Universal Entertainment Corp. said the group filed a criminal complaint against Wynn, chairman of Wynn Resorts where Okada was vice chair and biggest shareholder, at a local court in Parañaque City. This is the latest in a string of cases that the Okada group has filed against Wynn in connection with the latter’s US$2-B project at the Pagcor Entertainment City, an upcoming casino and entertainment complex at the Manila Bay. The Okada camp earlier sued Reuters for libel.
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