Universal tells JASDAQ that Philippine and Japan cases have closed, US case expected to follow

Universal Entertainment has issued a filing to the JASDAQ Securities Exchange, saying that the investigations surrounding Chairman Kazuo Okada in Japan and the Philippines have “concluded” also adding that a separate investigation in the US is expected to be closed due to“lack of evidence.”

“We are pleased to announce that all inspections or investigations by government related bodies – of the group and its officers and employees in relation to the groundless suspicion – have thereby concluded for all practical purposes in the Philippines just as all investigations … in Japan have concluded,” the company said in its filing.

According to Universal, an investigator with the National Bureau of Investigation (NBI), identified as Katherine Camposano, stated at a hearing of the Gaming and Amusement Committee of the House of Representatives last December 10, 2014 that the Prosecutor General of the Philippines proposed to Secretary of Justice Leila de Lima to “terminate the investigation on the company due to “insufficient evidence” pertaining to the allegations that the company engaged in the bribery of PAGCOR officials to curry favors in its pursuit of a casino license in the Philippines.

Universal also added Gaming and Amusement Committee Chairman Elpidio F. Barzaga Jr. requested the NBI to submit their reports related to the issue on January 13, 2015. In response, NBI Director Virgilio L. Mendez sent the chairman two reports compiled by the Fact Finding Panel, one dated June 28, 2013 and one dated September 24, 2014.