PAGCOR approves financial grant for Casino Filipino host cities

The Philippine Amusement and Gaming Corporation (PAGCOR) has approved a P34

The Filipino Amusement and Gaming Corporation (PAGCOR) has sanctioned a P34.6m ($700,000) subsidisation to cities and local administration units that legion a Casino Filipino branch.

The reenforcement comes as the Covid-19 pandemic “continues to make a toll on the local gaming industry’s revenue performance.” It aims to facilitate some of PAGCOR’s boniface cities “cushion the wallop of the pandemic” on the local economy.

“We resumed defrayment of the boniface cities’ portion out in January 2021, provided that the Casino Philippine separate is allowed to control by boniface local governing unit, and on the status that said separate meets the minimum aim or operates at break-even at least,” said PAGCOR Chairman and CEO Andrea Domingo.

“With the approved deed over of P34.64 million, our legion cities will follow able to find financial backing that is almost eq to their boniface city portion out storage allocation under good operational capacity.”

The financial financial aid sent past PAGCOR to its host communities serves various purposes, including improving infrastructure, basic health services, repose and order, livelihood, exigency assistance to tragedy victims, educational activity programs, and anti-drug abuse campaigns.

From 2016 to 2020, the corporation has remitted o'er P1.93bn to cities end-to-end the country that innkeeper a Casino Filipino branch.

“PAGCOR is able to garden truck revenues that help boost community evolution projects by regulating gaming and preventing the proliferation of illegal play in the Philippines,” added Domingo.

“Through the share, many cities that legion a Casino Philippine separate were capable to fund sustainable programs, such as H2O filtering systems inward their public schools or funding for disaster response initiatives.”

The assignment follows a similar determination from PAGCOR earliest this hebdomad to release P50m for the building of multi-purpose evacuation centres for II towns inwards Laguna.

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