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Okada to Meet with Gaming Control Board Over Foreign Payments

The Nevada Gaming Control Board has called in Japanese billionaire tycoon and former Wynn director Kazuo Okada, along side 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 ended up being made to Rodolfo Soriano, certainly one of Universal’s casino project consultants in the Philippines. Possibly the insinuation is that Soriano received the cash to grease some Filipino palms, but we might never ever imply such thing, of course.

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

Meanwhile, no body’s commenting: not the Nevada Gaming Control Board and certainly no one from Universal Entertainment. Maybe that is why they call it money that is hush.

No Wrongdoing Alleged

This will be where we must make clear that nobody has really or officially been accused of accomplishing any such thing, particularly anything wrong. However you can see how it might look funny is all.

All this falls on the heels of Okada’s recent resignation slash firing from Read More