Inside Asian Gaming

business dealings in China. In the 1st March filing of its annual report the company acknowledged possible violations of the accounting and bookkeeping provisions of the US Foreign Corrupt Practices Act, which forbids US companies from bribing officials of other governments. Wynn Resorts, meanwhile, could face questions in Toronto surrounding a US$135 million endowment to the University of Macau, which has been the subject of several investor lawsuits in the United States and an investigation by the SEC. The donation also has been challenged by Wynn’s co-founder and formerly its largest shareholder, Kazuo Okada, who heads Japan-based gaming machine manufacturer Universal Entertainment. Mr Okada’s stake in the company was forcibly bought out last year after a falling out with the board of directors over his investment in a casino project in the Philippines. Wynn has not made a formal proposal for a Toronto casino but expressed interest in one in a letter sent to city officials earlier this month. Rendering of MGM Resort International’s vision for a casino complex at Toronto’s Exhibition Place Canada-based global real estate investor Oxford Properties Group has put forward a US$3 billion proposal for an extensive downtown development including a casino resort, as well as residential and office space and redevelopment of the Metro Toronto Convention Centre.