Wynn Resorts settles with Universal Entertainment

Steve Wynn speaks to reporters about a planned casino in Everett during a press conference on March 15, 2016.

Jessica Rinaldi | The Boston Globe | Getty Images

Steve Wynn speaks to reporters about a planned casino in Everett during a press conference on March 15, 2016.

Wynn Resorts said Thursday of which This specific has settled with Universal Entertainment in addition to Aruze USA.

As part of the agreement, Wynn said This specific will pay $1.94 billion, the principal amount of the redemption note previously issued to Aruze. The company said This specific will pay one more $463.6 million to settle matters surrounding the interest on of which redemption note.

The settlement is usually tied to litigation stemming coming from the redemption of Universal subsidiary Aruze’s stake in Wynn.

In 2012, Wynn Resorts forcibly redeemed 25 million shares which belonged to Aruze founder Kazuo Okada. of which stake was repurchased at a 30 percent discount after allegations of which Okada had bribed Filipino gaming officials.

The company also said of which the settlement announced Thursday ends claims against Wynn Macau by Universal in addition to Aruze.

Shares of Wynn dipped slightly in after-hours trade Thursday.

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