While the greedy and those now no longer getting funds from PAGCOR seem to be the loudest voices over the charges made by the Freeh report vs. a Pachinco king from Japan and Las Vegas gaming magnet Steve Wynn. Meant to be a corporate battle, Wynn accused Okada of spending more than $110000 to curry favor with Pagcor chairman Cristino Naguiat, Jr.
The Philippine Chamber of Commerce and Industry (PCCI) denounces in the strongest possible terms the irresponsible and unwarranted dragging of the Philippine Government in the private corporate squabble between Stephen Wynn and Kazuo Okada.
The sweeping characterization of the Philippines as a corrupt nation on the sole basis of the allegation that a gaming license was granted to Mr. Kazuo Okada for a period of twenty five years for the Entertainment City Project in exchange for favors supposedly received by PAGCOR officials, does not depict a fair and accurate picture of the country and how the PAGCOR Project was actually processed. The basis of such claims should be validated across the country and should reflect the real and actual conditions in the local level.
PCCI cited on-going reforms being implemented by the Aquino administration to ensure greater transparency and accountability and eliminate or reduce red tape and corruption. Among these are the implementation of the Philippine Business Registry by the Department of Trade and Industry (DTI), streamlining business process and licensing system (BPLS) by the DTI and the Department of the Interior and Local Government (DILG) – of which PCCI is also a part through its local chambers – greater transparency in bids and awards processes by the Department of Budget and Management, and various other reforms implemented by government line agencies.
PCCI further noted the improving perception of the country as a place to do business including positive feedback from various credit rating agencies such as Standard and Poor’s, Moody’s and Fitch’ Ratings.
PCCI President, Atty. Miguel B. Varela appealed to the parties involved to exercise utmost prudence, caution and good judgment in making further damaging statements as all these negatively impact on the Philippine nation in general and the gaming industry in particular.