The US Securities and Exchange Commission is taking no action against Wynn Resorts for its $135m contribution to the University of Macau.
Wynn said it has received notice from the SEC that its investigation has ended and no action will be taken. Nevada regulators concluded similarly in February.
The issue came up as an allegation by Wynn’s former largest shareholder, Kazuo Okada, in the dispute that led to his 20 per cent ownership in the company being forcibly redeemed last year.
Wynn forced Okada out after a series of allegations about what it said was improper conduct in Okada seeking a Philippine casino licence. Okada then implied that Wynn’s gift to the University of Macau was akin to a bribe.
The disputes between the two remain alive in court.
