The Philippine Amusement and Gaming Corp, the gaming regulator, has again warned Kazuo Okada that failure to comply with the country’s law on foreign ownership and the outcome of a bribery investigation could prevent his company from opening a casino-resort in Manila next year. GamblingCompliance reports that PAGCOR chairman Cristino Naguiat gave the warning after the collapse of an investment arrangement by Mr Okada’s Universal Entertainment Corp and Philippine company Century Properties Group that was meant to comply with the law on foreign ownership. GamblingCompliance quotes Mr Naguiat as telling Philippine news media: “They cannot open the casino unless they have addressed all issues such as the allegations of bribery and the land ownership requirement.” Criminal investigators in the Philippines are following up allegations of bribery and violations of the anti-dummy law by Mr Okada.
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