Gambling tycoon bribed Pagcor’s Genuino, Naguiat—US lawsuit
02/23/2012Japanese gambling tycoon Kazuo Okada was accused Tuesday in a US lawsuit of paying off Philippine regulators and cheating his powerful Las Vegas partner.
The two regulators named are former Philippine Amusement and Gaming Corp. (Pagcor) chairman Efraim Genuino and incumbent chairman Cristino “Bong” Naguiat and their family members as the recipients of the payoffs which dated from 2008 until 2011.
Steve Wynn of Wynn Resorts said Okada spent more than $110,000 to Foreign Corrupt Practices Act, jeopardizing Wynn’s own reputation in the process..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20120223hed6.html
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