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Fact-finding report on alleged $5M Okada bribe to be in soon—DOJ

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Justice Secretary Leila de Lima is expecting the submission within this month of a report on the allegations that a former consultant of the Philippine Amusement and Gaming Corporation (Pagcor) got a $5-million bribe from Japanese investor Kazuo Okada for favors related to the government’s entertainment city project.

Posted: June 10th, 2013 in Latest Business Stories | Read More »

Okada firm hits Reuters on bribe stories, eyes suit

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INTERNATIONAL DESTINATION.  The Entertainment City on Manila Bay is aimed to become “a multifaceted leisure and entertainment center that is internationally benchmarked,” says Pagcor chairman and CEO Cristino Naguiat Jr. PHOTO FROM PAGCOR.PH

Universal Entertainment Corp. of Japanese businessman Kazuo Okada on Tuesday assailed the coverage of an international news agency on the alleged bribes paid by the gaming firm to a former consultant of state-owned Philippine Amusement and Gaming Corp. (Pagcor).

Posted: December 5th, 2012 in Latest Business Stories | Read More »

Another House panel to probe Pagcor payoffs

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The House committee on good government is poised to conduct a parallel investigation into alleged anomalies involving former officials of the Philippine Amusement and Gaming Corp. (Pagcor) amid fresh revelations that a former consultant to the state-run gambling agency had received $30 million from billionaire Japanese casino operator Kazuo Okada.

Posted: December 2nd, 2012 in Latest Business Stories | Read More »

Walmart hid bribery in Mexico – report

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Walmart, the world’s largest retailer, covered up a probe of its own widespread corporate bribery in Mexico, The New York Times reported Saturday, citing its own review.

Posted: April 22nd, 2012 in Latest Business Stories | Read More »

Philippines’ gambling regulator denies bribery charge

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The head of the Philippine Amusement and Gaming Corp. (Pagcor) denied “in the strongest possible terms” Friday what he called “uninformed and reckless allegations” recently made against him by a US casino mogul.

Posted: February 24th, 2012 in Latest Business Stories | Read More »

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