Philippines may cancel $2Bn casino project | Bangkok Post: news

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Philippines may cancel $2Bn casino project

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The Philippines government says it may cancel a Japanese firm's US$2 billion casino complex project if it is found that the concession was obtained through bribery. 

According to a report in The Philippine Daily Inquirer on Tuesday, Philippine authorities said the casino operating licence issued to Universal Entertainment Corp owned by Kazuo Okada, a Japanese billionaire, could be revoked if there is insurmountable evidence that corruption was involved.

"If there's proof that the licence was obtained through bribery, then there may be reason to consider cancelling the contract," said Edwin Lacierda, the spokesperson for President Benigno Aquino.

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