daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Asian Forums > Philippine Forums > Projects and Construction > Metro Manila Projects on the Rise > Manila City and the rest of the Metro

Manila City and the rest of the Metro For projects in Manila City, Caloocan, Las Piñas, Malabon, Muntinlupa, Navotas, Parañaque, Pasay, Pateros and Valenzuela



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old February 24th, 2012, 12:37 PM   #161
tita01
Registered User
 
tita01's Avatar
 
Join Date: Oct 2011
Location: Quezon City
Posts: 8,729
Likes (Received): 803

sana matanggal na ung corruption sa pinas hindi aasenso ang pinas kung may tiwaling mga opisyal at gusto lang magpayaman

death penalty sa mga corrupt official ,ipakain sa buhaya
__________________
FB Page Like Pls :Philippine Construction Boom
tita01 no está en línea   Reply With Quote

Sponsored Links
 
Old February 24th, 2012, 12:48 PM   #162
Jose Mari
Registered User
 
Jose Mari's Avatar
 
Join Date: Mar 2009
Posts: 3,658
Likes (Received): 3902

Ano ba tawag dito... "Wynn-Wynn" o "no-Wynn" situation?

Almost all the mega projects where the government has a hand in are always saddled with controversy. Can't get anything big done in this country without suffering a major snag. Ang kupad at bulok talaga ng sistema dito...
Jose Mari no está en línea   Reply With Quote
Old February 24th, 2012, 01:54 PM   #163
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

Naguiat: Bribery claim not true

by ABS-CBNnews.com | Friday | Posted at 02/24/2012 4:15 PM | Updated as of 02/24/2012 5:30 PM

MANILA, Philippines (UPDATE) - Philippine Amusement and Gaming Corp. (PAGCOR) chairman and CEO Cristino Naguiat Jr. on Friday denied any involvement in the bribery case against Japanese businessman Kazuo Okada in the US, saying the allegations against him are politically motivated.

Naguiat and former PAGCOR chair Ephraim Genuino were identified in a lawsuit filed by Las Vegas-based Wynn Resorts Ltd. against Okada as the two PAGCOR heads for whom the Japanese tycoon spent $110,000 so his business venture in the Philippines went ahead.

"This is a business dispute into which I have been dragged," Naguiat said in a statement. "The recent allegations against me are outrageous, politically motivated and untrue."

Naguiat did not deny receiving perks from Wynn Resorts during a five-day visit to Macau in 2010, but he stressed these were limited to hotel accommodations.

He said he did not receive $20,000 cash advance for shopping and gaming, and knew nothing of the $110,000 alleged cash gifts made to PAGCOR.

Read More: http://www.abs-cbnnews.com/business/...ally-motivated
__________________
InfinitiFX45
InfinitiFX45 no está en línea   Reply With Quote
Old February 24th, 2012, 02:02 PM   #164
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

Analysis: Wynn-Okada row may not stick with US officials

by ABS-CBN News (Reuters) | Posted at 02/24/2012 2:57 PM | Updated as of 02/24/2012 | 2:57 PM

WASHINGTON/MACAU - A U.S. law against foreign bribery is the unusual weapon of choice in an increasingly bitter boardroom struggle between U.S. casino mogul Steve Wynn and Japanese investor Kazuo Okada. But both sides may end up shooting blanks.

Kazuo Okada, chairman of Universal Entertainment Corp, speaks during the ground-breaking ceremony of its casino-hotel projects in Manila January 26, 2012./ REUTERS

Okada last month accused Wynn Resorts Ltd of making an "inappropriate" $135 million donation to the University of Macau, based in the former Portuguese colony that is now the world's largest gambling destination.

Read More: http://www.abs-cbnnews.com/business/...k-us-officials
__________________
InfinitiFX45
InfinitiFX45 no está en línea   Reply With Quote
Old February 24th, 2012, 02:09 PM   #165
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

Okada refuses meeting on eve of Wynn ouster

by Ronald Grover and Sue Zeidler | Reuters (ABS-CBN News) |Posted at 02/24/2012 12:21 PM | Updated as of 02/24/2012 | 2:40 PM

LOS ANGELES - Japanese investor Kazuo Okada, embroiled in a legal battle with Wynn Resorts CEO Steve Wynn, a long-time business partner, over alleged improper payments made to Philippine regulators, says he will not attend a Friday meeting scheduled to oust him from the board of Wynn Macau.

In a letter to the board of Wynn Resorts' Macau unit, a copy of which was provided to Reuters, Okada disagreed with that impending decision and said his attendance would be meaningless as his ejection at the Macau meeting was all but certain.
The Asian billionaire, who helped bankroll Steve Wynn's empire through a long friendship, again blasted an internal company report released this week that alleged multiple instances of improper behavior by Okada.

"I do not want to embarrass you, as my colleagues, by forcing you to make false and defamatory statements about me in my presence," Okada wrote in the letter.

"I disagree with the decision to remove me as a director, because it is based on false and misleading assertions in a report that was created only to serve as a means to discredit me."

Wynn spokesman Charles Sipkins declined to comment.

Read More: http://www.abs-cbnnews.com/business/...ve-wynn-ouster
__________________
InfinitiFX45

Last edited by InfinitiFX45; February 24th, 2012 at 02:16 PM.
InfinitiFX45 no está en línea   Reply With Quote
Old February 24th, 2012, 02:17 PM   #166
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

Casino mogul Wynn dumps Okada from Macau board

by Farah Master | Reuters (ABS-CBN News) | Posted at 02/24/2012 2:38 PM | Updated as of 02/24/2012 | 2:38 PM

MACAU - Wynn Resorts CEO Steve Wynn ousted his former friend and billionaire partner Kazuo Okada from the board of his Wynn Macau casino, the latest twist in a legal battle that has implications for their multibillion-dollar businesses.

A board decision to un-seat Okada was effective immediately, the company said in a filing to the Hong Kong stock exchange on Friday.

"The board determined that it was obligated to remove Mr. Okada as a non-executive director given the unacceptable conduct by Mr. Okada, his employees and associates detailed in the independent report," it said, referring to an internal investigation by the company.

Wynn Resorts said earlier this week it forcibly redeemed Okada's nearly 20 percent stake in the company, adding the internal investigation by former FBI Director Louis Freeh revealed Okada, chairman of slot and pachinko gaming firm Universal Entertainment Corp (6425.OS), and associates violated U.S. anti-corruption laws.

Read More: http://www.abs-cbnnews.com/business/...da-macau-board
__________________
InfinitiFX45
InfinitiFX45 no está en línea   Reply With Quote
Old February 24th, 2012, 02:53 PM   #167
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

Wynn Macau ousts Japanese tycoon Okada over alleged PHL corruption

by BEH LI YIH | Agence France-Presse (GMA News) | Friday | February 24, 2012 | 1:55pm

HONG KONG — The board of casino operator Wynn Macau on Friday dumped Japanese gambling tycoon Kazuo Okada as a director over what it called "unacceptable conduct" involving alleged corruption in the Philippines.

The subsidiary of US-based Wynn Resorts said the board resolved to remove Okada as a non-executive director "with immediate effect," amid a bitter feud between the Japanese businessman and one-time partner Steve Wynn.

The company issued a statement to the Hong Kong stock exchange saying it felt "obliged" to sack Okada after an internal Wynn Resorts investigation accused him of bribing Philippine regulators in his bid to build a rival gaming resort in Manila.

Wynn Resorts said in a lawsuit filed Tuesday in a Las Vegas district court that Okada, Japan's pachinko king, went behind the company's back to secure a stake in Asia's booming gaming industry for his Universal Entertainment group.

Read More: http://www.gmanetwork.com/news/story...on_banner_full
__________________
InfinitiFX45
InfinitiFX45 no está en línea   Reply With Quote
Old February 24th, 2012, 03:01 PM   #168
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

Philippines’ gambling regulator denies bribery charge

by: Daxim L. Lucas | Philippine Daily Inquirer | Friday | February 24th, 2012 | 8:04 pm

MANILA, Philippines — The head of the Philippine Amusement and Gaming Corp. (Pagcor) denied “in the strongest possible terms” Friday what he called “uninformed and reckless allegations” recently made against him by a US casino mogul.

The statement of Pagcor chairman and CEO Cristino Naguiat Jr. came after US casino operator Wynn Resorts sued its former partner Kazuo Okada in a Las Vegas court, accusing the latter of bribing Philippine gaming officials with free accommodations at a $6,000-a-night Macau hotel and a pricey Chanel bag for Naguiat’s wife.

In Wynn’s court filing, company officials also presented the results of a third-party probe the company t commissioned in January 2011 about the Philippine gaming industry.

In the report prepared by former Federal Bureau of Investigation director Louis Freeh, the Philippine gaming industry was described to have “deeply ingrained” official corruption.

The same report expressed “doubts that [then] newly elected President Benigno Aquino III’s stated plans for reform would eliminate corruption from the gaming industry.”

The government-owned Pagcor, apart from itself being a casino operator, regulates all gaming and gambling operations in the Philippines.

Read More: http://business.inquirer.net/46089/p...bribery-charge
__________________
InfinitiFX45
InfinitiFX45 no está en línea   Reply With Quote
Old February 24th, 2012, 03:15 PM   #169
Bosnyboy
Registered User
 
Join Date: Jul 2006
Posts: 3,673
Likes (Received): 1502

Kung ako si wynn eto ang saying na dapat isa-isip ko "If you cant defeat them, join them"
Bosnyboy no está en línea   Reply With Quote
Old February 24th, 2012, 03:15 PM   #170
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

Pagcor vows transparency in $4B project

Entertainment City licensees to follow strict rules

by: Daxim L. Lucas | Philippine Daily Inquirer | Friday | February 24th, 2012 |12:09 am


CRISTINO NAGUIAT JR.: Level playing field INQUIRER FILE PHOTO
The state-run Philippine Amusement and Gaming Corp. on Thursday reiterated its commitment to undertake its Entertainment City project under the most rigid guidelines and the most exacting standards amid renewed scrutiny from the international investor community.

Pagcor’s reassurance came after its former and current chairmen were accused by a former partner of one of the licensees at its $4-billion flagship project of receiving undue perks and favors from Japanese gaming tycoon Kazuo Okada.

“If they’re saying that one group will be favored over another, that’s impossible,” Pagcor chairman and CEO Cristino Naguiat Jr. said in an interview with the Inquirer. “What we have here is a level playing field among all licensees in the project.”

Read More: http://business.inquirer.net/46031/p...-in-4b-project
__________________
InfinitiFX45
InfinitiFX45 no está en línea   Reply With Quote
Old February 24th, 2012, 03:57 PM   #171
sun-tex
BANNED
 
Join Date: Jan 2012
Location: Manila, Cavite, Bulacan, Pampanga, Nueva Ecija, Tarlac, Laguna, and Batangas
Posts: 496
Likes (Received): 0

weeehhhhhhhhhhhhhh.....................................dddddddddddddiiiiiiiiiiiiiiiiiiiii nnnnnnnnnnnnnnnnnnggggggggggggggggggggggaaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhh

wwwwwwwwwiiiiiiiiiiiiiiiiiinnnnnnnnnnnniiiiiiiiiiiiiiiiiiiieeeeeeeeeeeeee dddddddddddddd ppppppppppppppppppoooooooooooooooooooooooooooooooooooohhhhhhhhhhhhhhhhhhhh
h
sun-tex no está en línea   Reply With Quote
Old February 25th, 2012, 07:12 AM   #172
pau_p1
Proud to be Filipino
 
pau_p1's Avatar
 
Join Date: Apr 2004
Location: Metro Manila, Singapore
Posts: 4,421
Likes (Received): 165

Quote:
Originally Posted by tita01 View Post
sana matanggal na ung corruption sa pinas hindi aasenso ang pinas kung may tiwaling mga opisyal at gusto lang magpayaman

death penalty sa mga corrupt official ,ipakain sa buhaya
di po mawawala ang corruption.. even yung mga asensadong bansa may corruption.. even dito sa singapore ang mga taga rito nag-aalala sila sa corruption dito.. i can't even imagine na may corrupt dito! from their view there is corruption here di lang binabalita dahil pili lang ang binabalita... yun ang perception nila..
pau_p1 no está en línea   Reply With Quote
Old February 25th, 2012, 06:34 PM   #173
Juan Pilgrim
Registered User
 
Juan Pilgrim's Avatar
 
Join Date: Apr 2008
Posts: 1,250
Likes (Received): 95

I wouldn't consider free meals & lodging and other forms of hospitality as a form of corruption in this industry. Receiving cash, real estate property or luxury items are considered bribes.

I know it may not be exactly the same but, there are alot of real estate companies here in Florida and even in New Jersey, who will pay for your airfare, hotel & accomodation just to get a chance to show you around and maybe get you to buy a time share.



Juan Pilgrim no está en línea   Reply With Quote
Old February 26th, 2012, 05:40 AM   #174
Bosnyboy
Registered User
 
Join Date: Jul 2006
Posts: 3,673
Likes (Received): 1502

I just dont get hgow this is considered bribery when the contract for okada to participate in the entertainment city projects has long been signed by the preceding pagcor chair efraim genouino. What will okada get out of giving free accomodation and a chanel bag out of it anyway, he already got what he wanted. Id still say that wynn is just making a mountain out of a molehill if only to oust okada in his organization.
Bosnyboy no está en línea   Reply With Quote
Old February 26th, 2012, 06:16 AM   #175
wolfdgreat
Registered User
 
Join Date: Feb 2012
Posts: 685
Likes (Received): 63

Quote:
Originally Posted by Bosnyboy View Post
I just dont get hgow this is considered bribery when the contract for okada to participate in the entertainment city projects has long been signed by the preceding pagcor chair efraim genouino. What will okada get out of giving free accomodation and a chanel bag out of it anyway, he already got what he wanted. Id still say that wynn is just making a mountain out of a molehill if only to oust okada in his organization.
i second..
and for the fact that wynn also have the same issue which allegedly gave some "million dollar" donation to one university in macau.
wolfdgreat no está en línea   Reply With Quote
Old February 26th, 2012, 06:20 AM   #176
anakngpasig
...
 
anakngpasig's Avatar
 
Join Date: Jul 2005
Posts: 4,352
Likes (Received): 1616

ganun talaga pag nagkademandahan, nilalabas ng both parties lahat ng baho. try nyo kaya magdemanda pero purihin nyo katunggali nyo, katangahan yun, di ba?
anakngpasig no está en línea   Reply With Quote
Old February 26th, 2012, 09:39 PM   #177
El_Toro
Registered User
 
El_Toro's Avatar
 
Join Date: Feb 2011
Location: California
Posts: 638
Likes (Received): 3

last resort na ni Wynn yang pagsampa ng kaso dahil gusto nya madiskaril ang progress ng pagcor city kaso sorry nalang sa kanya may 3 pang locator kaya ndi nya mapipigilan na malugi sila sa las vegas at macau
El_Toro no está en línea   Reply With Quote
Old February 26th, 2012, 11:00 PM   #178
LAPDRN
Registered User
 
LAPDRN's Avatar
 
Join Date: Mar 2010
Location: Sulu
Posts: 516
Likes (Received): 6

Quote:
Originally Posted by tita01 View Post
sana matanggal na ung corruption sa pinas hindi aasenso ang pinas kung may tiwaling mga opisyal at gusto lang magpayaman

death penalty sa mga corrupt official ,ipakain sa buhaya
pakain kay lolong
LAPDRN no está en línea   Reply With Quote
Old February 27th, 2012, 01:16 AM   #179
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

US SEC probing claims Okada bribed Pagcor officials

by Nadia Trinidad, ABS-CBN News North America Bureau | Friday | Posted at 02/24/2012 10:10 PM | Updated as of 02/25/2012 11:35 PM

SAN FRANCISCO, USA - US authorities are investigating allegations made by casino giant Wynn Resorts that its director Kazuo Okada violated anti-bribery laws by paying off Philippine regulators.

The US Securities and Exchange Commission (SEC) is looking into claims that Okada reportedly spent more than $100,000 to curry favor from officials of the Philippine Amusement and Gaming Corporation (Pagcor), in apparent violation of the US Foreign Corrupt Practices Act.

These allegations were made in a lawsuit filed against Okada before the District Court of Nevada.

Read More: http://www.abs-cbnnews.com/business/...gcor-officials
__________________
InfinitiFX45

Last edited by InfinitiFX45; February 27th, 2012 at 02:26 AM.
InfinitiFX45 no está en línea   Reply With Quote
Old February 27th, 2012, 01:23 AM   #180
InfinitiFX45
Registered User
 
InfinitiFX45's Avatar
 
Join Date: Aug 2009
Location: NOVA/SOJE
Posts: 7,769
Likes (Received): 768

Wynn Resorts' lawsuit against Kazuo Okada



Source: http://www.abs-cbnnews.com/business/...gcor-officials
__________________
InfinitiFX45
InfinitiFX45 no está en línea   Reply With Quote


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 08:49 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like v3.2.5 (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu