This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Our Position Regarding Reports By Reuters And Asahi Shimbun

However, concerning the above reports, point 1) has been created based on a one-sided reliance on an investigative report created by Wynn Resorts, who are currently in litigation with us, following improper procedures. The report also made several and fatal errors in the legal interpretation related to the FCPA. The report did not mention any specific refutation made by us, and therefore, we must say that it is unjust and biased reporting. Furthermore, despite the article published on December 30, 2012 addressing the said point in an extensive manner using a page in the morning, Asahi Shimbun adopted the stance of reserving statements and maintaining silence on the matter ex post, perhaps due to receiving counterarguments from us. This action partly equals to admitting that its reporting was biased.

Furthermore, not only has Asahi Shimbun not provided any corroboration to this date that Mr. Soriano, who had been mentioned as a person who was an "aide to the leaders of the Filipino Casino Regulatory Authorities," was in fact in such a position, in the article marked February 8, 2014, Asahi Shimbun simply uses ambiguous expressions such as "...is said to be an aide to the previous chairman of Casino Regulatory Authority." This resulted in Asahi Shimbun partly admitting that its reporting lacked basis.

Furthermore, despite reporting that 3) "A massive sum of transferred money totalling US$40 million to the advisors of the Filipino Casino Regulatory Authority had been reported to the heads of Universal Entertainment Corp.," perhaps not having much confidence in the reliability of the material that served as this report's basis, Asahi Shimbun did not comply to our request to disclose the source and remained silent. Therefore, it is clear that this is a report that lacks validity in this point as well. 

As seen above, the continuous prejudiced reports lacking basis in the above-mentioned reporting by Reuters and Asahi Shimbun is a succession of verbal assaults. Reuters and Asahi Shimbun, who carry out such actions organizationally, must be judged as anti-social organizations.

3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

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