Today We want to talk about the Control Board’s ongoing investigation, concerning the Japanese billionaire Kazuo Okada’s Universal Entertainment that has apparently sent at least $30 million to an ex-consultant for the Philippines gaming authority; the man is at the center of a bribery investigation. Okada, along with three other directors of his Universal Entertainment Corp., were called for a closed-door hearing from the Nevada Gaming Control Board; the insinuation says that Rodolfo Soriano, who was Universal’s casino project consultants in the Philippines, received $40 million in payments to grease some Filipino palms, but we would never imply such a thing, of course.
Universal Entertainment denied everything by saying that it acted lawfully in the Philippines: really? You think it’s normal to give $40 million to their consultants as a token of their esteem, don’t you? This is what we can report to you by reading e following the all story via web: the truth is that the FBI helped by National Bureau of Investigation, the Philippines’ equivalent, are working very hard to find out if anything improprietous was done.
Okada and Wynn’s battle started many years ago, and stems from issues Wynn has had with Okada over allegations of some financial improprieties; you know what the say? In the casino business, nobody likes to be associated with people whose hands might be dirty! From his side Okada has had some allegations towards Wynn: he said that his 20% stake in Wynn Resorts was illegally seized from him at a 30% discount. Apparently Wynn Resorts remains unmoved; it looks like they’re all waiting to see what’s going to happen next!
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