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Tuff-Stuff

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Re: Tuff-Stuff post# 461634

Wednesday, 05/16/2012 6:56:32 AM

Wednesday, May 16, 2012 6:56:32 AM

Post# of 648882
Universal’s Okada Considers Partner for Philippine Casino (Update 4)
By Vinicy Chan and Kana Nishizawa - May 16, 2012 6:20 AM ET

Chairman Kazuo Okada, the Japanese billionaire in a legal dispute with Wynn Resorts Ltd. (WYNN), said his company is going ahead with plans for a casino resort in the Philippines and may tie up with a local partner.

Okada, whom Wynn Resorts has accused of making improper payments to gambling regulators in the Philippines, said in an interview yesterday that he hopes to fund about 70 percent to 80 percent of the Manila project with his company’s capital. While as much as 30 percent may be financed with debt, a partnership could reduce the need for a loan, he said.

cont http://www.bloomberg.com/news/2012-05-15/universal-s-okada-considers-partner-for-philippine-casino.html

Concentrate, and ASK the 8-Ball!

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