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    Philippines denies casino graft

    23.02.12

    MANILA (UPDATE) - Philippine authorities confirmed Wednesday that top gaming officials accepted free luxury accommodation from a Japanese tycoon but denied these were bribes to ensure a new Manila casino was built.

    US-based Wynn Resorts filed a suit on Tuesday accusing Kazuo Okada of spending more than $110,000 in travel expenses and gifts on the officials so that his mega-gaming venue in the Philippine capital went ahead.

    The suit against Okada, a director of Wynn with a 19.7-percent stake in the firm, alleged the suspect payments were made to two chairmen of the Philippine Amusement and Gaming Corporation (Pagcor) from 2008 to last year.

    The top officials' relatives and associates were also beneficiaries, as was the current chairman's nanny and the husband of then-president Gloria Arroyo, the suit alleged.

    Pagcor, the Philippines' gaming regulator, awarded a license to Okada's Universal Entertainment in 2008 to build a gaming resort on the shores of Manila Bay featuring 2,000 guest rooms and three hotels.


    Source: ABS CBN News