Casino Titan Okada Owes Counsel $54 Million in Wynn Resorts Case

“Titan of the gambling industry” Kazuo Okada must pay more than $54 million in attorneys’ fees and interest to law firm Bartlit Beck LLP for representing him in a multi-billion-dollar lawsuit against Wynn Resorts and then-CEO Steve Wynn, after the Seventh Circuit rejected his challenge to an arbitration award.

The arbitration award will stand because Okada chose to absent himself from the proceeding, the U.S. Court of Appeals for the Seventh Circuit said Tuesday.

“Put plainly, Okada took himself out of the race,” the court said. “He cannot now complain that he was unfairly deprived of the chance to win.” ...