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valley forge casino sports bookOkada was ousted from the Universal board last year. The original lawsuit, in which Wynn Resorts sued Okada for breach of fiduciary duties is still pending and expected to go ahead“Today’s outcome is tremendous for our client,” Universal Entertainment’s lawyer, David Krakoff, said in an official statement. (Image: Issei Kato/Reuters)Wynn Resorts is facing licensing investigations by regulators in Nevada, Boston and Macau over a slew of sexual assault allegations against its founder and former CEO, which could result in orders for the company to divest Wynn of his stake.Last week, a Nevada judge tossed the disgraced casino tycoon’s motion to void a shareholder agreement between him and his ex-wife, Elaine Wynn, which prevents both parties from selling their shares. “It resolves long-running litigation on very favorable terms, and provides substantial resources for Universal to continue its international growth.”The settlement adds 4 million to a .94 billion 10-year promissory note Wynn Resorts issued to Universal for the shares in 2012. Okada was ousted from the Universal board last year. Wynn Resorts has settled a longstanding lawsuit with the Japanese pachinko giant Universal Entertainment for .4 billion. paragon casino hotel