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caesar casino free spinsThe settlement will put an end to litigation between the two companies that would have blocked Steve Wynn’s ability to sell his stake in Wynn Resorts. Caesars Entertainment’s fourth quarter earnings for 2017 took a hit. “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. Caesars Entertainment reported .9 billion in fourth quarter net revenue, lower than the .01 billion predicted by many financial analysts. The judge ruled the agreement, drawn up on their divorce, was too closely intertwined with the Universal lawsuit.Everybody Sues Everybody The suit stems from the ousting of Universal’s founder and then-chairman Kazuo Okada from the Wynn Resorts board in February 2012. Wynn Resorts sued for the forced reclamation of Universal stock, which then had a market value of around .7 billion.The Nevada-based casino giant claimed Okada had breached his fiduciary duties and put its gaming licenses at risk by bribing Philippine gaming officials in order to get backing for the project that became the Okada Manila.Okada denied this, claiming he had been removed because he was perceived as a threat by Wynn, whose control of the company had been weakened by the divorce settlement that split the Wfree slots app to win moneyynn’s shares evenly.When Universal counter-sued Wynn Resorts, Elaine Wynn joined the suit in a bid to regain control of her shares – an aim, it seems, she will now attain.Okada Booted from Universal BoardOkada has since been ousted from the Universal board, having been accused last year of misappropriating company funds. island view casino job application