PAGCOR pledges $2.2 million to socio-civic programmes in the Philippines

Shirley Pulis Xerxen August 4, 2023

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PAGCOR pledges $2.2 million to socio-civic programmes in the Philippines

The Philippine Amusement and Gaming Corporation (PAGCOR) has pledged PHP 120 million ($2.2 million) to the socio-civic programmes of the Office of the Vice President (OVP).

PAGCOR chairman Alejandro Tengco signed the Memorandum of Agreement (MOA) with OVP on Tuesday. Present at the signing was Vice President of the Philippines Sara Duterte.

The funds pledged to OVP will be released in four tranches, amounting to PHP 30 million per quarter.

As reported in the Press Release, PAGCOR’s financial grant will help patients settle hospital bills, buy medicines, undergo dialysis treatments and avail of different therapies and medical procedures.

TEngco, Duterte, PAGCOR — ***Sara Duterte, VP of the Philippines and PAGCOR chairman Alejandro Tengco***

OVP requested supplemental funding from PAGCOR due to increasing number of requests for financial aid resulting from its satellite offices in different parts of the country.

Tengco noted that one of PAGCOR‘s main CSR programmes is assisting in meaningful activities. “We’re honoured to be a part of the OVP’s efforts to address the medical and financial needs of Filipinos who are in dire situations. Through this grant, we hope that more people who approach the OVP for help will be given aid,” Tengco said.

In its continuing efforts to curb illegal POGO activities, PAGCOR has introduced a new regulatory framework for offshore gaming companies. PAGCOR announced that all offshore gaming licensees and service providers have been placed on probationary status and will be required to reapply for permits by mid-September. This move aims to ensure that only compliant operators and providers are granted licenses.

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