Japanese cassino billionaire Kazuo Okada is on the wrong last of yet another homage battle. But the odds remain seemingly long that the 79-year-old Asiatic gaming tycoon will crib up anytime before long the more than $50 zillion he’s been ordered to pay an Illinois practice of law firm.

Okada has been engulfed inwards an array of lawsuits for the past tense two decades. His modish courtroom licking is in relation to his long-running saga o'er Wynn Resorts severing ties with him backward inwards 2008.

Okada met Steve Wynn around the good turn of the century and was an early investor inward Wynn Resorts.

After allegations of depravity arose inward the Republic of the Philippines stemming from Okada seeking licensure inward Manila to build an structured resort, Wynn Resorts inward 2008 forced the Japanese pachinko male monarch out. Okada was pressured into marketing his 20 percent stakes inward Wynn Resorts at a late discount.

Okada brought a cause against Wynn Resorts in 2017, as the cassino giant’s gunstock continued to realize billions inwards marketplace capitalization. Bartlit Beck, a practice of law unwavering headquartered inward Chicago, represented Okada in his Wynn case. The case was eventually settled for $2.6 one million million in Okada’s favor.

Appeals Margaret Court Upholds Judgement

Kazuo Okada initially in agreement(p) to pay Bartlit Beck a matte $50 1000000 fee for its manipulation of the multibillion-dollar settlement. But he has since refused to pay the sound fees.

In 2019, a venire of arbitrators dictated that Okada must compensate Bartlit Beck the $50 million, positive interest, fees, and penalties. The net summation at the clip was $54.6 million.

Okada argued that the judgment was unjust on grounds that he was unable to nowadays his position of the pillowcase during arbitration because of personal medical reasons that prevented him from traveling to the United States. The 7th US Circuit Margaret Court of Appeals, which fielded Okada’s appeal, upheld the 2019 conclusion this week.

Judges inwards the federal appeals homage ruled that Okada purposely avoided participating in the arbitrament proceedings.

Put plainly, Okada took himself come out of the race. He cannot at present sound off that he was below the belt disadvantaged of the chance to win,” wrote Circuit Judge Diane Wood, united past Circuit Judges Daniel Manion and Ilana Diamond Rovner.

“We AFFIRM the territorial dominion court’s judicial decision confirming the Panel’s Final Award,” the monastic order stated. Okada has not yet commented on the 7th Circuit Margaret Court decision.

Fortune Remains

Kazuo Okada ii decades ago was i of the most powerful gambling casino magnates in Asia. Those days are long gone.

Okada was pushed come out of his possess company — Universal Entertainment Corporation — in June of 2017. Universal is a pachinko and gaming manufacturer, and additionally owns and operates Okada capital of the Philippines inward the Philippine Islands — the gambling casino that led to Okada and Wynn’s dissolution.

The Universal board concluded that its founder was swindling money from the group. The companion highlighted Okada issuing himself a $17.3 trillion interest-free loan from a troupe subsidiary to purchase private artworks. Universal also alleged that Okada stole $2 gazillion for personal reasons.

Okada sued to regain his Universal table position, but missed that sound challenge, too. Last September, a Yeddo court of justice ordered him to make up nearly $200,000 in legal fees incurred by Universal.

Despite the setbacks, Forbes estimates that Okada’s sack worth as of today is relieve around $1.7 billion. That ranks him the 1,750th-richest soul in the humanity and No. 31 inwards Japan.