This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Our Position Regarding Reports By Reuters And Asahi Shimbun

Furthermore, 3) Reuters has not been able to present any evidence that permission was granted for the foreign investment toward our corporate group's project or that our corporate group approached the regulating authorities to resolve issues surrounding the acquisition of site. To being with, the "permission for foreign investment" (i.e. PEZA certification) is not something that is granted to a specific operation by a specific company. Instead, it is a permission that is granted to the entirety of a specific region based on Filipino law. Therefore, it was not only granted to a specific project undertaken by our corporate group. In reality, other companies in the region that received PEZA certification receive the same preferential treatment. These are facts that could have been easily clarified if Reuters had conducted minimum research as an honest media organization. Furthermore, since "the fact that our corporate group has approached the regulating authorities to resolve issues surrounding the acquisition of the site" does not exist, Reuters has not presented any evidence that corroborates this even in their later reporting.

As such, the reports by Reuters serve to corroborate the error in their reports due to their poor researching conducted by themselves. Despite this, they show no remorse and do not provide report corrections. Instead, they aim to replace the reported facts in vain. And to go even further, despite acquiring materials from us related to actions that are believed to be illegal conducted by Wynn Resorts, currently in litigation with us, Reuters has not made any statements on this. Instead, Reuters has published a one-sided article on our company being suspected of bribery. This is an inexcusable act to take from a media organization, whose spirit is to be fair and equal. We believe that this shows an inordinate maliciousness toward us. 

Secondly, Asahi Shimbun reported the following in their article on December 30, 2012: 1) There is a strong possibility that the business entertainment for Filipino high-ranking officers infringes on the Foreign Corrupt Practices Act (FCPA); 2) A massive sum of non-transparent money has been transferred to a company managed by the adviser of Pagcor (The Philippine Amusement and Gaming Corporation). Even in their report dated February 8, 2013, Asahi Shimbun reported that 3) A massive sum of remittance totalling US$40 million to the advisors of the Filipino Casino Regulatory Authorities has been reported to the heads of Universal Entertainment Corp..

2 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs