Monday, March 5, 2012

The Family Feud That Could Cost Combatants Billions


A once-in-a-lifetime land rush is playing out in the ever-hotter gambling markets of Asia. And where will Steve Wynn of Wynn Resorts be? Very likely in depositions, drinking bad coffee, and getting sautéed by the lawyers of his former (and now angry) casino partner, Kazuo Okada.

Mr. Wynn's slug-it-out divorce from Mr. Okada couldn't have come at a more inopportune time for the gambling company. The fight is already muddying reputations on both sides—never good for business.

But as the litigation and possible regulatory investigations truly crank into gear, the company will have to focus inward on the breakup with…

Don't stop reading now. Go to http://online.wsj.com/article/SB10001424052970204571404577255380540337476.html?mod=ITP_businessandfinance_0

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