Wednesday, Nov. 21, 2012

Bribery allegations threaten pachinko firm’s Philippine casino plan


MANILA — Manila will revoke a license it granted to Japanese pachinko firm Universal Entertainment Corp. if allegations that it bribed a Philippine official to proceed with a $2 billion casino and hotel complex investment prove true, according to Philippine Amusement and Gaming Corp., which regulates gambling in the country.

Reuters has alleged that affiliates of Tiger Resorts Leisure and Entertainment, Inc., a subsidiary of Universal Entertainment, paid Rodolfo Soriano Jr., a former consultant to the gambling watchdog,….”