Wynn Resorts (WYNN) says the SEC isn't recommending enforcement action after rolling up an...

|About: Wynn Resorts, Limited (WYNN)|By:, SA News Editor

Wynn Resorts (WYNN) says the SEC isn't recommending enforcement action after rolling up an informal investigation into the practices of American casino companies in Macau. The probe included a review of a $135M donation by WYNN's Macau unit to the University of Macau Development Foundation. Earlier this year, co-founder Kazuo Okada resigned from the board, alleging CEO Steve Wynn had targeted him unfairly for speaking out against what he alleged was the company's corrupt practices in the region. The Nevada Gaming Control Board investigated Okada's charges, but closed its investigation without finding wrongdoing.