Wynn & Okada: The bromance sours

Today’s Wall Street Journal confirms yesterday’s S&G tea-leaf reading that Kazuo Okada was being a naughty boy, bruiting about possible Wynn Resorts involvement in the Philippines, even showing “designs similar to iconic Wynn casinos, according to people familiar with the matter.” (Belated pushback by Wynn spokespeople seems to have reversed a stock slide on Wall Street, with WYNN only down 2% at the end of yesterday’s trading.) In a similar vein, Asian players who can’t afford a sojourn at Bellagio can gamble at cheapie knockoff Winn Casino in Bavet, Cambodia. You just have to look past all that Third World poverty mucking up the foreground.