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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 »

Pagcor chiefs ‘caught in crossfire’

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“It was a boardroom fight between Steve Wynn, owner of the Wynn gambling casinos, and his business partner, Japanese Kazuo Okada. Philippine Amusement and Gaming Corp. chief Cristino Naguiat Jr. and his predecessor, Ephraim Genuino, were just caught in the crossfire.” This was what Rep. Amado Bagatsing, chair of the House committee on games and [...]

Posted: March 1st, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

P-Noy’s ‘Daang Matuwid’ and Pagcor’s Naguiat

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Japanese billionaire and pachinko king Kazuo Okada and American gambling tycoon Steve Wynn used to be close business associates and are now engaged in a bitter legal fight. President Aquino and former President Gloria Macapagal-Arroyo used to be close political allies (maybe not so close) but are now the bitterest of enemies, engaged in even more deadly legal battles.

Posted: February 24th, 2012 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

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