NEW YORK (TheStreet) -- Wynn Resorts (WYNN) and former partner Kazuo Okada are embroiled in a lovers' quarrel from hell, with accusations and counter accusations run amok. However, with apologies to plenty of media outlets, like Fox Business, the accusations are not the only part of the story.
Here's the key, as captured correctly, right from the outset by The Financial Times: "because of a disagreement over Mr. Okada's plans to build a gambling resort in the Philippines, thereby becoming a regional competitor, accusations of misconduct are flying back and forth."
In other words, Fox (and friends) fails to give the underlying reason for the quarrel. From its headline ("Okada to Take Legal Action Against Wynn Resorts") down through the bottom of the article, Fox focuses exclusively on the sordid details of the fight. It's an easy temptation: the media love a good, hair-pulling, eye-poking fight.
It is, though, the source of any fight that is most telling. That's what lets us know if the fight will last (since it's based on a competitive struggle for turf by former friends, the answer is: yes) and whether it might get uglier (see: previous factor; answer also yes.) Without any sense of the source of the fight, you have no chance of gauging its course.
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