Chang Takes Down WPT Event for More Than a Million

Okada to Meet with Gaming Control Board Over Foreign Payments

The Nevada Gaming Control Board has called in Japanese billionaire tycoon and previous Wynn director Kazuo Okada, along with three other directors of his Universal Entertainment Corp., for a closed-door hearing week that is next. It is all part of the Control Board’s ongoing research into allegations that $40 million in payments had been made to Rodolfo Soriano, one of Universal’s casino project consultants in the Philippines. Probably the insinuation is that Soriano received the money to grease some Filipino palms, but we might never ever imply such a plain thing, of course.

We could only report that both the FBI and the Philippines’ comparable, the National Bureau of Investigation, were having a look in to the matter to see if such a thing improprietous had been done. Universal Entertainment has maintained that it acted lawfully in the Philippines; most likely, who doesn’t give their specialists $40 million as a token of these esteem?

Meanwhile, nobody’s commenting: not the Nevada Gaming Control Board and certainly no one from Universal Entertainment. Possibly that is why they call it money that is hush.

No Wrongdoing Alleged

That is where we have to explain that no body has really or officially been accused of accomplishing anything, particularly anything wrong. However you can observe how it might look funny is all.

All this falls on the heels of Okada’s current resignation slash firing from the Board of Dir (more…)

Continue Reading

Chang Takes Down WPT Event for longer than a Million

Okada to Meet with Gaming Control Board Over Foreign Payments

The Nevada Gaming Control Board has called in Japanese billionaire tycoon and previous Wynn director Kazuo Okada, along with three other directors of his Universal Entertainment Corp., for a closed-door hearing next week. It’s all right component of the Control Board’s ongoing investigation into allegations that $40 million in payments ended up being made to Rodolfo Soriano, certainly one of Universal’s casino project consultants within the Philippines. Perhaps the insinuation is that Soriano received the cash to grease some Filipino palms, but we’d never ever imply such a plain thing, of course.

We are able to only report that both the FBI and the Philippines’ equivalent, the National Bureau of Investigation, have been looking into the matter to see if anything improprietous had been done. Universal Entertainment has maintained that it acted lawfully in the Philippines; all things considered, who does not give their experts $40 million being a token of their esteem?

Meanwhile, nobody’s commenting: not the Nevada Gaming Control Board and certainly no one from Universal Entertainment. Maybe that is why they call it hush money.

No Wrongdoing Alleged

This is certainly where we have to explain that no body has really or officially been accused of doing any such thing, particularly anything wrong. But you can see how it may look funny is all.

All this falls on the heels of Okada’s recent resignation slash firing from (more…)

Continue Reading
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