{"id":31886,"date":"2022-07-19T05:22:01","date_gmt":"2022-07-19T08:22:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31886"},"modified":"2026-04-23T06:44:39","modified_gmt":"2026-04-23T09:44:39","slug":"ex-wynn-resorts-ceo-asks-us-court-to-dismiss-civil-lawsuit","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ex-wynn-resorts-ceo-asks-us-court-to-dismiss-civil-lawsuit","title":{"rendered":"Ex-Wynn Resorts CEO asks US Court to dismiss civil lawsuit"},"content":{"rendered":"\n

Steve Wynn, the former CEO of Wynn Resorts, has asked a federal court to dismiss a civil suit that claims he acted as a foreign agent of the People\u2019s Republic of China.<\/p>\n\n\n\n\n\n\n\n

US.-\u00a0Steve Wynn<\/strong>\u00a0is petitioning a US federal court to dismiss a civil lawsuit brought by the US Department of Justice. The DOJ alleges that he should register as a foreign agent due to alleged lobbying for the\u00a0Chinese government<\/strong>\u00a0during Donald Trump\u2019s administration.<\/p>\n\n\n\n

The DOJ alleged in May<\/a> that \u201cfrom at least June 2017 through at least August 2017,\u201d Wynn contacted Trump, then-US president, and members of his administration \u201cto convey the PRC\u2019s request to cancel the visa or otherwise remove from the United States a Chinese businessperson who left China in 2014, was later charged with corruption by the PRC and sought political asylum in the United States\u201d.<\/p>\n\n\n\n

Wynn\u2019s lawyers argued that any obligation he had to register under FARA, even if the allegations were true, ended in October 2017, when the DOJ recognises that Wynn’s relationship with the Chinese government relationship ended. The US government has until August 15 to respond to Wynn\u2019s motion.<\/p>\n\n\n\n

Wynn Macau extends its right to use \u201cWynn\u201d trademark<\/h2>\n\n\n\n

As previously reported by Focus Gaming News,\u00a0Wynn Macau<\/strong>\u00a0has extended its agreement with Wynn Resorts Holdings LLC to continue using \u201cWynn\u201d related trademarks, copyrights and service marks following the extension of its current casino licence until the end of the year.<\/p>\n\n\n\n

It will pay Wynn Resorts Holdings either 3 per cent of gross monthly revenue or HK$11.7m (US$1.5m) per month, whicever is greater, up to HK$584.8m (US$74.5m) for the year ending December 31. <\/p>\n\n\n\n

Earlier this month, Wynn Macau<\/strong> entered into an agreement with its US parent company<\/a>, Wynn Resorts Ltd<\/strong>, for a US$500m revolving loan facility. Wynn Macau said the loan agreement will support the company\u2019s potential future working capital and other funding needs, if necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"

Steve Wynn, the former CEO of Wynn Resorts, has asked a federal court to dismiss a civil suit that claims he acted as a foreign agent of the People\u2019s Republic of China.<\/p>\n","protected":false},"author":176,"featured_media":22752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Steve Wynn, former CEO of Wynn Resorts, is petitioning a US federal court to dismiss a civil suit alleging he acted as an unregistered foreign agent for the People's Republic of China. Concurrently, Wynn Macau has extended its trademark agreement with Wynn Resorts Holdings, involving a payment structure based on gross monthly revenue, and secured a US$500 million revolving loan facility from its US parent company.","focusai_entities":"Steve Wynn, Wynn Resorts, US Department of Justice, People's Republic of China, Donald Trump, Wynn Macau, Wynn Resorts Holdings LLC, Wynn Resorts Ltd","focusai_location":"United States, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.95), operator_casino (0.85), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"FARA Impact on Licensing","query":"What are the potential implications of the FARA litigation against Steve Wynn for Wynn Resorts' existing and future gaming licenses, particularly in jurisdictions with stringent suitability requirements?"},{"label":"Wynn Macau Financial Strategy","query":"How does the US$500 million revolving loan facility and the GGR-linked trademark fee structure impact Wynn Macau's capital structure, operational leverage, and dividend policy in the near to medium term?"}],"footnotes":""},"categories":[439,162],"tags":[23911,20777],"class_list":["post-31886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-north-america","tag-gambling-regulation","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31886"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31886\/revisions"}],"predecessor-version":[{"id":31901,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31886\/revisions\/31901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22752"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}