24 February 2012 Last updated at 02:01 GMT 
Wynn Resorts operates casinos in Las Vegas and Macau
Mr Okada has been accused of making illegal payments to regulators.
It is the latest escalation in a battle between Mr Okada and long time business partner and casino mogul Steve Wynn.
The Macau unit of Wynn could take unilateral action to remove Mr Okada from its board, the reports said.
However it would take a shareholder's vote to remove him from the board of US parent company Wynn Resorts.
On Sunday, Wynn Resorts filed a lawsuit against Mr Okada saying he made at least $110,000 in unauthorised payments to two gaming officials in the Philippines.
Mr Okada has denied the allegations.
In a letter to the board of Wynn Macau, seen by Reuters, he said he would not attend the Friday board meeting.
He said his attendance would be meaningless as his removal was all but certain, according to the news agency report.
"I disagree with the decision to remove me as a director because it is based on false and misleading assertions in a report that was created only to serve as a means to discredit me," Mr Okada said in the letter.
COPY : http://www.bbc.co.uk/
Wynn Resorts operates casinos in Las Vegas and Macau Casino company Wynn Macau is expected to hold an emergency board meeting on Friday to discuss the removal of Kazuo Okada, a co-founder of the firm.
The Financial Times, and the Reuters and Bloomberg news agencies said the meeting would take place in Macau, citing unnamed sources.Mr Okada has been accused of making illegal payments to regulators.
It is the latest escalation in a battle between Mr Okada and long time business partner and casino mogul Steve Wynn.
The Macau unit of Wynn could take unilateral action to remove Mr Okada from its board, the reports said.
However it would take a shareholder's vote to remove him from the board of US parent company Wynn Resorts.
On Sunday, Wynn Resorts filed a lawsuit against Mr Okada saying he made at least $110,000 in unauthorised payments to two gaming officials in the Philippines.
Mr Okada has denied the allegations.
In a letter to the board of Wynn Macau, seen by Reuters, he said he would not attend the Friday board meeting.
He said his attendance would be meaningless as his removal was all but certain, according to the news agency report.
"I disagree with the decision to remove me as a director because it is based on false and misleading assertions in a report that was created only to serve as a means to discredit me," Mr Okada said in the letter.
COPY : http://www.bbc.co.uk/
Nenhum comentário:
Postar um comentário