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Pagcor caught in middle of Okada-Wynn fight

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Two House committees are investigating the reported $30-million bribe given to a former consultant of the Philippine Amusement and Gaming Corp. (Pagcor) by billionaire Japanese casino operator Kazuo Okada in exchange for a license to operate in Pagcor’s Entertainment City in Pasay. The Committee on Games and Amusement chaired by Rep. Amado Bagatsing and the Committee on Good Government chaired by Rep. Jerry Treñas should not forget that the root cause of all this is the rivalry between Okada and his erstwhile partner and now bitter enemy Steve Wynn of Wynn Resorts. The motive: Pagcor’s Entertainment City in the Philippines would pose a direct threat to Wynn’s casinos in Macau.

Posted: December 3rd, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

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