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    Naguiat hits report on PH gambling's 'ingrained graft'

    20.05.12

    MANILA, Philippines—The head of Philippine Amusement and Gaming Corp. (Pagcor) on Friday strongly denied “reckless allegations” by a US-based gaming giant that he was bribed by a Japanese tycoon seeking to build a rival casino in Metro Manila and that the local gaming industry was tainted with corruption.

    Pagcor chair and CEO Cristino Naguiat Jr. issued the denial after casino operator Wynn Resorts sued its former partner, Kazuo Okada, in a Las Vegas court, accusing Okada of bribing Philippine gaming officials with free accommodations in a $6,000-a-night Macau hotel and a pricey Chanel bag for Naguiat’s wife.

    “The facts are that a group of Pagcor officials and I, with the approval of Pagcor’s board, visited Macau in September 2010 to meet with key gaming industry players and examine their operations,” Naguiat said. “The then vice chairman of Wynn Resorts, Mr. Okada, invited the group to meet with executives of Wynn Macau and stay at their resort in VIP quarters, compliments of Wynn Macau.”


    Source: Inquirer.net

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