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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 »

Institutionalizing slush funds

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Amid revelations of how lottery proceeds meant for charity were being dispensed by the past administration to purchase vehicles for the use of some bishops, the main goal of the ongoing Senate hearings has been snowed under. This goal goes into the very heart of what the government’s role should be, and what purposes should [...]

Posted: July 21st, 2011 in Columnists,Columns,Inquirer Opinion | Read More »

The Ayala-SM fight over Negros prime land

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Ayala Land and SM Prime Holdings are fighting over a parcel of land owned by the Negros Occidental provincial government and which was subjected recently to a public bidding. What happened? The bidding was declared a failure by the bids and awards committee chaired by Gov. Alfredo Maranon because the two bidders, Ayala and SM, [...]

Posted: July 20th, 2011 in Columnists,Columns,Inquirer Opinion | Read More »

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