President Aquino misses the point in the Wynn Resorts controversy when he reduced it into just losing one prospective investor.
Aquino said he won’t lose sleep if Wynn, whose intra-corporate fight with his partner, Kazuo Okada, exposed the bribes showered by the latter to officials of the Philippine Amusement and Gaming Corporation including the current chair, Cristino Naguiat, Jr., does not invest in the Philippines because there’s a long list of foreign investors interested to come.
Aquino preferred to play blind to the issue of unabated corruption raised in the investigation report made by former Federal Bureau of Investigation Louis Freeh commissioned by Wynn Resorts such as, despite his anti-corruption agenda, “Official corruption in the Philippine gaming industry is ‘deeply ingrained.’