Japanese billionaire Kazuo Okada’s Universal Entertainment funneled at least $30 million to an ex-consultant for the state gambling regulator, the Philippine Amusement and Gaming Corp. (Pagcor), who is now at the center of a bribery investigation, according to sources and company records.
State-owned Philippine Amusement and Gaming Corp. (Pagcor) said that apart from the allegation of bribery hounding Universal Entertainment, it must settle a land ownership issue, which Pagcor described as “contentious,” at Entertainment City.
The license issued to Universal Entertainment Corp. of Japanese billionaire Kazuo Okada to operate a casino in Manila will be canceled if it is found to have been obtained through bribery, Malacañang said Monday.
State-owned Philippine Gaming Corp. (Pagcor) on Sunday welcomed the discovery of what it said was new evidence of alleged corruption involving Rodolfo Soriano, a former consultant of the agency and a close associate of then Pagcor chairman Efraim Genuino.
