Bribery raps haunt Philippines’ casino plans

Rappler.com

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The Philippine authorities are finally digging into the reported US$40-million bribery allegations that Japanese billionaire Kazuo Okada’s firms paid off former regulatory officials of the Philippine Amusement and Gaming Corporation (Pagcor) for incentives for its approved casino operations in Manila. A Reuters report followed the trail of some $5 million funds from a unit of Okada-led Universal Entertainment in Nevada, to a firm led by former Pagcor consultant Rodolfo “Boysee” Soriano. The fund transfers were made during the remaining months of the term of former President Gloria Arroyo, a close friend of former Pagcor chair Ephraim Genuino. Malacañang and current Pagcor officials said that if the allegations are proven true, they will revoke the license granted to Okada who leads one of the 4 groups awarded to develop a sprawling property meant to put the Philippines in the world gambling map. 


Read more on Rappler here and here.

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