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The Philippine Amusement and Gaming Corp. (Pagcor) is
a government-controlled corporation, and is a top income earner of the
government and whose principal beneficiaries include the President's Social
Fund, the Philippine Sports Commission, and government health, education, and
scientific programs, among others.
Its charter was created by Presidential
Decree No. 1869, which authorizes the corporation to put up games of chance,
recreation centers and facilities, entertainment outlets, casinos, and sports
and tourism-related undertakings.
In 2002 and 2003, it generated a total of
R40 billion in gross income.
The corporation has 11,000 employees
 More Investors Show Interest in
State-Owned Gaming Firm
MANILA, Philippines (August 11,
2010) – As reported today that the Philippine Amusement and Gaming Corp.
(Pagcor) said Wednesday that the Filipino businessman’s offer of US10
billion to acquire the state-run gaming firm has caught the attention of a
further two groups of investors...........Subscribers
Local Government Units Stand To Lose
Significant Financial Aid If The State-Run Gaming Firm Is
Privatized
PHILIPPINES (August 11, 2010) -- News reported
today that local government units stand to lose significant financial aid if
the state-run gaming firm, Philippine Amusement and Gaming Corporation (Pagcor)
is privatized........Subscribers
Philippines is Aiming to Become
Asia’s Next Big Gambling Hub
MANILA, Philippines
(August 11, 2010) -- reports the Philippines’ gaming regulator said on
Tuesday the country is aiming to become Asia’s next big gambling hub with
casino and entertainment resorts built in key tourist spots across the
country.........Subscribers
Tycoon Bids $10B for
State Owned Gambling Firm
MANILA, Philippines (August 9,
2010) – According to local media reports the government has received a
proposal to privatize the Philippine Amusement and Gaming Corporation
(PAGCOR)...............Subscribers
Call for Probe of State
Gaming Corporation Pushed in House
MANILA, Philippines
(July 29, 2010) – Multimillion-peso anomalies have allegedly hounded the
Philippine Amusement and Gaming Corporation (Pagcor) and the House of
Representatives wants an investigation.......Subscribers
Government’s Share
From State Owned Gaming Corporation Slips in First Half
MANILA, Philippines (July 26, 2010) – According to a local publication
treasury data shows the Philippine Amusement and Gaming Corp. (Pagcor) turned
over......Subscribers
Government Gaming
Corporation PAGCOR to Review Mobile Casinos
MANILA,
Philippines (July 22, 2010) -- News reports the new management of the
Philippine Amusement and Gaming Corporation (PAGCOR) is alarmed after learning
of the proliferation of various mobile casinos in different parts of the
country..........Subscribers
New Pagcor Chairman
Initiates Probe Into P21-Million Worth of Transactions
MANILA, Philippines (July 18, 2010) – Reports the Philippine Amusement
and Gaming Corp. (Pagcor) is continuing its investigation into an attempt by a
former employee to encash a cheque worth more than P21 million...........Subscribers
President Cautioned on
Privatizing Government Owned Gaming Corporation
MANILA,
Philippines (July 15, 2010) – It was reported today that a key ally of
President Benigno Aquino III yesterday cautioned him against fully privatizing
the Philippine Amusement and Gaming Corp. (Pagcor).....................Subscribers
Listed Online Technology
Firm PhilWeb Reports Net Income of P322 Million for 1H of 2010
MANILA, Philippines (July 12, 2010) -- PhilWeb Corp., the country?s first
and largest listed online technology firm, in its disclosure to the Philippine
Stock Exchange has reported.....Subscribers.
Microgaming-Moves-Closer-To-Home
PHILIPPINES (July 13, 2010) -- Microgaming, a software developer based in
Isle of Man, has signed a contract with the Philippines Amusement and Gaming
Corporation (PAGCOR), the nation’s state controlled amusement company.
Microgaming is entering this long term partnership agreement in order to
showcase various online casino games.......Subscribers
Supreme Court Denies
State-Owned Gaming Corporation’s Petition to Nullify Casino
Contract
MANILA, Philippines (July 7, 2010) -- The Manila
Times reports the Supreme Court (SC) has denied for lack of merit a petition
for review filed by state-owned Philippine Amusement and Gaming Corp. (Pagcor)
seeking to nullify a contract it had entered into with Fontana Development
Corp.................Subscribers
President Opposes Any
Move to Legalize ‘Jueteng’ and Other Numbers Game
MANILLA, Philippines (July 6, 2010) - President Noynoy Aquino is opposed to
the legalization of jueteng and other numbers game in the country even though
it could generate additional funds for government.........Subscribers
President Orders Review
of Contracts Signed by Previous Administration of State Owned Gaming
Corporation
MANILA, Philippines (July 4, 2010) - President
Benigno Aquino III has ordered the director of Philippine Amusement and Gaming
Corp. (Pagcor) to scrutinize all the midnight deals entered into by his
predecessor........Subscribers
State Gaming Corporation
Chief Resigns
MANILA, Philippines (June 16, 2010) –
Chair of the Philippine Amusement and Gaming Corporation (PAGCOR), reportedly
wants out of the state-owned corporation and will resign at the same
time....................Subscribers
New Appointment at
Government Owned Gaming Corporation Defended
MANILA,
Philippines (May 31, 2010) – Media reports a top Malacañang
official on Sunday defended the recent reappointment of Efraim Genuino as chair
of Philippine Amusement and Gaming Corp. (Pagcor), extending his term into the
incoming administration of presumptive president-elect Benigno Aquino
III.......................Subscribers
Listed Online Technology
Firm PhilWeb Income Up 52% to P150 Million in Q1
MANILA,
Philippines (April 22, 2010) -- Listed online technology firm PhilWeb
Corporation reported a 52 percent jump in net income in the first quarter of
the year to P150 million from the P99 million it posted in the same period of
2009................Subscribers
ICTSI Chief Ventures
Into Gaming Business
MANILA, Philippines (April 6, 2010)
– According to news sources the chairman of International Container
Terminal Services Inc. (ICTSI) is venturing into the gaming business through
the acquisition of a company licensed to operate at the country’s
up-and-coming gambling hub....................Subscribers
Gaming Corporation
Pagcor Remits P1.6 billion to Government in January-February
MANILA, Philippines (April 2, 2010) -- News reports the Philippine
Amusement and Gaming Corporation (PAGCOR), under the stewardship of Efrain C.
Genuino, Chairman and Chief Executive Officer, has remitted P1.6 billion to the
national government coffers in the first two-months of the
year.....................Subscibers
Foreigners Allowed to
Join Gaming Sector
MANILA, Philippines (March 17, 2010) -
Sources report a directive allowing the entry of foreign investors into the
local gaming sector has been issued by
Malacañang...................Subscribers
PhilWeb Posts Profit
Growth, Eyes Deals With Asian Gambling Outfits
MANILA,
Philippines (February 23, 2010) – Reports online gaming company PhilWeb
Corp. posted an 89-percent increase in net income last year and expects this
year to be a busy one as it expands internationally by serving legal gambling
outfits throughout the Asian region................Subscribers
Listed Online Technology
Firm PhilWeb to Enter Mobile Lotto Gaming; Forms P1-Billion Mobile Lottery
Unit
MANILA, Philippines (February 7, 2010) - PhilWeb
Corp., the country’s first listed online technology firm, has set up a P1
billion company that will operate mobile lottery games as part of a strategy to
expand horizons......................Subscribers
Gaming Corporation Chief
Seeks Fixed Term Prior to Commencement of Election Appointment
Ban
MANILA, Philippines (January 26, 2010) – According
to an ABS-CBN News report bills that would grant the Philippine Amusement and
Gaming Corp. (PAGCOR) chief a fixed term of 3 to 7 years may still get passed
even if there are only a few session days left before Congress adjourns for the
May 10, elections......................Subscribers
Macau Gaming Firm Offers
to Buy Into Listed DFNN
MANILA, Philippines (January 11,
2010) -- A Macau-based gaming company has offered to buy $3 million (about P138
million) worth of primary shares of listed DFNN, Inc., which will use the money
to buy into a local gaming firm...................Subscribers
Online Gaming Business
Boosts PhilWeb's Profit; Expects to Post P1Billion in Profit This Year
MANILA, Philippines (January 8, 2010) -- Local online
gambling firm PhilWeb Corp. expects to post P1 billion in earnings this year as
its various investments in 2009 are seen to start bearing fruit in the
now-recovering domestic economy.....................Subscribers
Bid to Extend Terms of
PAGCOR Chief, Board Past 2010 Blocked
MANILA, Philippines
(December 14, 2009) – According to local media reports senators are
opposing two identical bills seeking to extend the terms of the
Arroyo-appointed current chairman and the members of the Philippine Amusement
and Gaming Corp. (Pagcor) beyond 2010.....................Subscribers
State Owned Gaming
Corporation Pagcor Doubles Income in Eight Years
MANILA,
Philippines (December 14, 2009) -- It was reported today that the Philippine
Amusement and Gaming Corp. (PAGCOR) reported that from a total annual income of
P14.62 billion in 2000, the corporation posted a whopping P29.61 billion income
in 2008 and P14.6 billion in the first semester of 2009
alone.....................Subscribers
Listed Internet Gaming
Company Philweb Forms P1-Billion Subsidiary for Overseas Gaming Initiatives
MANILA, Philippines (November 23, 2009) – A leading
Philippines newspaper reported today that listed online technology and gaming
firm Philweb Corp. has put up a P1 billion company that will take charge of its
proposed gaming initiatives abroad......................Subscribers
House Agrees to Grant
PAGCOR Tax Exemption
MANILA, Philippines (November 17,
2009) – The Philippines reported today that a House panel on Tuesday
agreed to exempt the hugely profitable Philippine Amusement and Gaming Corp.
(PAGCOR) from paying income taxes, despite the objections of finance officials
who said the government needed the revenues from the gaming
firm.............Subscribers
Philippine Online Tech
Company Philweb Posts US$3Million Q3 Net Income
Growth
driven by expansion of PAGCOR e-Games cafaace network
MANILA, Philippines
(October 21, 2009) -- Philweb Corporation, the Philippines' first and largest
listed, online technology firm, reported that its net income for the third
quarter period amounted to P144.8 million (US$3.1 million), or 133 per cent
higher compared to the growth rate last year.....................Subscribers
State Owned Gaming Firm
Told to Pay P6.8 Billion in Taxes
MANILA, PHILIPPINES
(September 9, 2009) -- State-Owned Philippine Amusement and Gaming Corp.
(Pagcor) owes the Philippine government a total of P6.8 billion in unpaid
taxes............Subscribers
House to Pursue Probe of
Spanish Gaming Firm
MANILA, Philippines (June 15, 2009) --
The House of Representatives will pursue its inquiry into the propriety of a
Spanish gaming firm registered in a Northern Luzon economic zone engaging in
betting operations outside its jurisdiction........................Subscribers
PhilWeb Allocates P80
Million for e-Cafés
MANILA, Philippines (May 29,
2009) -- Philweb Corp. is earmarking up to P80 million for capital expenditures
(capex) this year, mainly to finance the establishment of more Pagcor e-Games
cafés (Pegs)........................Subscribers
Listed Internet Company
Philweb Corp Posts US$6.1 Million Net Income For 2008
MANILA, Philippines (Apr 14, 2009) -- PhilWeb Corporation (PSE:WEB), the
Philippines' first ever listed internet company, has announced that it has
posted a net income of......................Subscribers
Bill
Seeks Full Audit of Government Gaming Corporation
MANILA,
Philippines (April 1, 2009) -- The house of Representatives has passed to the
Senate a bill requiring that all the funds and transactions of the Philippine
Amusement and Gaming Corp. (Pagcor) including revenues, income and
expenditures, be examined by the Commission on Audit (CoA)..............Subscribers
Listed Gaming Firm Doubles Profits Last Year, Reports Huge
Earnings From Pagcor Games
MANILA, Philippines (January 23,
2009) -- Listed gaming firm PhilWeb Corp. expects to continue posting hefty
profits this year as the online gambling industry shrugs off the effects of the
slowing economy.................Subscribers
Internet-Gaming Business Responsible for Firms Net Income
Increase of 74% in 9-Month Period
MANILA, Philippines
(October 24, 2008) -- Philweb Corp. posted a net income of P211.8 million from
January to September this year, up 74 percent from last year’s income in
the same period.................Subscribers
Senate Urged to Compel State Owned Gaming Corporation to Settle
Tax Issue
MANILA, Philippines (July 13, 2008) -- The Senate
committee on ways and means has begun an inquiry into Philippine Amusement and
Gaming Corporation’s (PAGCOR) tax status following complaints that the
government has been losing huge potential revenue that could otherwise have
been obtained from the corporation....................Subscribers
State
Lottery and Gaming Corp Asked to Justify Advertising
Spend
PHILIPPINES (April 23, 2008) -- Officials of the
Philippine Charity Sweepstakes Office (PCSO) and the
Philippine Gaming Corp. (Pagcor) have been summoned by the games and amusement
panel in connection with a resolution for a congressional inquiry into the
advertising funds of the two state-run firms.................Subscribers
SAGE
Fails Bid To Recover P185 Million From State-Owned Gaming
Corporation
MANILA, Philippines (April 22, 2008) - A gaming
firm's bid to recover P185 million from the state-owned Philippine Amusement
and Gaming Corporation failed when the Court of Appeals ruled that the firm's
petition was falsified.................Subscribers
POC Gets P4.5 Million
Pagcor Assistance for POF (Sports)
MANILA, Philippines
(March 25, 2008) - The Philippine Olympic Committee (POC) has received P4.5
million assistance from the Philippine Amusement and Gaming Corporation
(Pagcor) for the staging of the Philippine Olympic Festival this
year................Subscribers
State Owned Gaming Firm
owes P1Billion in Taxes
Senator Questions
Interpretation of 5% Franchise Tax
MANILA, Philippines (March 4,
2008) –Local sources reported Senator Francis Escudero on Monday said it
appears that the Philippine Amusement and Gaming Corp. (Pagcor) has not paid
about P1 billion in franchise tax to the government..................Subscribers
Two Foreign Casino Firms
Seek License From State Owned Gaming Enterprise
MANILA,
Philippines (January 24, 2008) -- State-owned gaming firm Philippine Amusement
and Gaming Corp. (PAGCOR) is finalizing the issuance of gaming licenses to two
foreign operators that have expressed plans to put up casinos within the
800-hectare Pagcor City in Pasay City...................Subscribers
DFNN Gaming Unit Eyes
Listing on London Exchange
MANILA, Philippines (December
17, 2007) -- The gaming unit of publicly listed information technology
solutions provider Diversified Financial Network Inc. (DFNN) is considering
listing on the London Stock Exchange or another foreign bourse to raise funds
for increasing its stake in a recently acquired gaming
company...............Subscribers
Pagcor Sets $1 Billion
Ante for Gaming Complex
PHILLIPINES (October 9, 2007) --
Investors interested in a priority government project aimed at positioning the
country as an Asian gaming haven need to be able to raise at least $1 billion
to participate...............Subscribers
State Owned Gaming
Corp. Reports Growth in First-Half Revenues
MANILA,
Philippines (August 21, 2007) -- The state owned Philippine Gaming Corp.
(Pagcor) reported its revenues hit ............Subscribers
Lawmaker Seeks Probe on
Ad Spending By Government Gaming Monopolies
PHILIPPINES
(July 5, 2007) -- A BICOL legislator on Sunday asked for a congressional
inquiry into what he described as lavish spending habit of the Philippine
Amusement and Gaming Corporation (Pagcor) and the Philippine Charity Sweepstakes Office (PCSO) on
advertisements despite their virtual monopolies in the industry...........Subscribers
State-Run Gaming Corp.
Sets Bidding For Gaming Complex
PHILIPPINES (June 25, 2007)
-- The state-run Philippine Amusement and Gaming Corp. (PAGCOR) will hold the
first pre-bid conference for the proposed $10-billion Entertainment City
project in Manila in two weeks..........Subscribers
Hong Kong Firm to Supply
New Games to Government Gaming Corporation
PHILIPPINES
(June 17, 2007) -- LT Game Ltd., the subsidiary of casino games innovator
Paradise Entertainment Ltd., has agreed to supply LIVE Baccarat and the
Paradise Jackpot Systems to casinos operated by the Philippine Amusement and
Gaming Corp. (Pagcor) after it inked an agreement with Orient Pearl
Entertainment & Management Ltd............Subscribers
Opponents of
Controversial Pagcor Bill Concede Defeat
MANILA,
Philippines (February 20, 2007) – The House on Monday night voted 40-16 in
favor of the controversial Pagcor bill, a measure extending for another 25
years the franchise of the Philippine Amusement and Gaming Corporation
(Pagcor)..............Subscribers
Game-Tec Labs to Provide
GT-ONE Gaming Platform to Kirschner Games International for Operation of
PAGCOR’s Spin2Win Suite of Games in Philippines
CALIFORNIA, USA (January 24, 2007) -- Game-Tec Labs today announced that it
has been selected by Kirschner Games International (KGI) to provide its
comprehensive GT-ONE gaming platform for operation of a suite of casino themed
games licensed and authorized by the Philippine Amusement and Gaming
Corporation (PAGCOR)..........Subscribers
Questions Raised Over
Legality of Government Gaming Corporation’s Online Betting
Licensees
MANILA, Philippines (January 23, 2007) – A
Marikina councilor claims that online betting, sanctioned by the Philippine
Amusement and Gaming Corp. (Pagcor), is illegal in the eastern city due to an
ordinance that bans pornographic Web sites and Internet gambling in public
centers.........Subscribers
Online Sports Betting
Facility Gets Nod
MANILA, Philippines (January 22, 2007) --
Publicly listed Philweb Corp. has received approval from
Philippine Amusement and Gaming Corp. (Pagcor) to set up an online sports
betting facility that will allow clients to bet on the results of foreign
games..........Subscribers
Government Owned Gaming
Corporation Posts Record Revenues in 2006
MANILA,
Philippines (January 7, 2007) -- The Philippine Amusement and Gaming Corp.
(PAGCOR), in its latest unaudited financial report, announced a record P25.4
billion in revenues last year............Subscribers
Government Owned Gaming
Corporation on Track for Another Record Year
MANILA,
Philippines (January 4, 2007) -- Remittance of the Philippine Amusement and
Gaming Corp. (PAGCOR), a government-controlled corporation, to the national
revenue reached P8.76 billion during the first 11 months of last year, data
from the Bureau of Treasury show..........Subscribers
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