Kazuo Okada is a Japanese billionaire businessman, and art collector.
11 Facts About Kazuo Okada
1.
2.
Kazuo Okada studied at an engineering vocational school to take advantage of his interest and passion for mechanics.
3.
In 1969, Kazuo Okada founded Universal Lease, which manufactured coin-operated arcade games for children.
4.
In late 1969, Kazuo Okada's first visit to Las Vegas led to his decision to enter the business of slot machine manufacturing.
5.
Kazuo Okada invented the "near-miss" feature in his slot machines, an innovation that helped expand the Japanese market of "pachislot" and made Okada's slot machines popular in Las Vegas.
6.
In 2000 Kazuo Okada was introduced to Las Vegas-based casino magnate Steve Wynn, eventually investing $380 million in Wynn's then-new company, Wynn Resorts.
7.
Kazuo Okada proceeded alone with the investment, forming a local company, Tiger Resort, Leisure and Entertainment, Inc.
Related searches
Steve Wynn 8.
In 2017, Kazuo Okada was accused of "misappropriating millions of dollars" from his holding company Kazuo Okada Holdings.
9.
Kazuo Okada is a collector of Japanese, Chinese and Korean art.
10.
Kazuo Okada opened his Okada Museum of Art in 2013 near the hot-springs resort of Hakone, south-west of Tokyo.
11.
Kazuo Okada is married, with three children, and resides in Tokyo.