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
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 years 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 Corporations (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 PAGCORs 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
Corporations 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
Game-Tec Labs
to Provide GT-ONE Gaming Platform to Kirschner Games International for
Operation of PAGCORs Spin2Win Suite of Games in
Philippines Game-Tec (November 6, 2006) -- 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 State Gaming Firm Remits P7.2 Billion to
Treasury MANILA, Philippines (October 24, 2006) -- The
Philippine Amusement and Gaming Corp. (PAGCOR) remitted P7.2 billion to the
national coffers during the first nine months of the
year...........................Subscribers Pagcor Admits Text Lottery/Raffle Snafu
MANILA, Philippines (September 26, 2006) -- A Text-Based lottery/raffle
program that seeks to encourage consumers to demand official receipts suffered
an embarrassing setback after the state-run lottery company notified the wrong
people that they had won last months
draw..............................Subscribers
OPAP Plans Bingo Lotto
Launch by End of Year ATHENS, Greece (September 12, 2006) --
OPAP said that the company plans to introduce Bingo Lotto just before
Christmas..............Subscribers
State Owned Gaming Company
Not Keen on Listing MANILA, Philippines (September 11, 2006)
-- State-owned gaming company Philippine Amusement and Gaming Corp. (Pagcor) is
reportedly NOT keen on the proposal for it to sell a portion of the company to
the public...........Subscribers Kenilworth Systems Receives Approval for the First Live
In-Progress Casino Table Game Broadcasts from PAGCOR
MINEOLA, New York, USA (July 12, 2006) -- Kenilworth Systems Corporation
announced today that it has been granted final approval to commence real time,
live in-progress casino table game broadcasts (Roulabette®) by
the Board of Directors of the Philippines Amusement and Gaming Corporation
(PAGCOR)..........Subscribers Local Firm Wins First Online Sports Betting Exchange
Licence MANILA, Philippines (June 10, 2006) -- The
Philippine Amusement and Gaming Corp. (PAGCOR) has reportedly granted a license
to operate the first Philippine-based online sports betting exchange to local
company.......Subscribers President Resumes Direct Control of State Gaming Organization
and Lottery MANILA, Philippines (May 11, 2006) -- President
Gloria Macapagal-Arroyo has reportedly taken back direct control of the
Philippine Amusement and Gaming Corp. (Pagcor) and the
Philippine Charity Sweepstakes Office
(PCSO)............Subscribers Asia's GEM Report, Euro-Asian Cooperation on
Gaming MANILA, Philippines (March 28, 2006) -- To put the
country in the center of worldwide developments in gaming, tourism, and
entertainment, the Philippine Amusement and Gaming Corp. (Pagcor) has forged an
alliance that will link all industry leaders from Europe and
Asia..........Read the full story at: Vol.34
No.13 Senator Supports Extending
State Gaming Corporations License MANILA, Philippines
(February 24, 2006) Senator Richard Gordon has reportedly vowed to see
that the Philippine Amusement and Gaming Corporations (PAGCOR) license is
extended for at least another........Subscribers State-Run Gaming Corporation Expects Foreign Investors to Pour
in $4 Billion MANILA, Philippines (February 23, 2006) --
State-run Philippine Amusement and Gaming Corp. (Pagcor) expects..........Subscribers Companies Hoping to Become Content Providers for Pagcors
Accredited Games of Chance Designed for Mobile Phones Showcase
Expo MANILA, Philippines (February 23, 2006) -- The
state-run Philippine Amusement and Gaming Corp. (Pagcor) recently invited
.........Subscribers
Kenilworth to Demonstrate Roulabette
System to PAGCOR MINEOLA, New York, USA (February 16, 2006)
-- Kenilworth Systems Corporation announced today that it has been asked by the
Philippines Amusement and Gaming Corporation (PAGCOR), to .........Subscribers
Justice
Declares Text-Based Games as Illegal MANILA, Philippines
(October 28, 2005) -- The Department of Justice (DOJ) has reportedly ruled in
favour of the decision .................Subscribers
Proposed Privatization of
Government Gaming Corp. Criticized MANILA, Philippines
(September 23, 2005) A leading Philippines newspaper has criticized a
proposal ................Subscribers Conflicting Versions of Jueteng Legalization and the
Introduction of Bingo Combo MANILA, Philippines (August 25,
2005) Press Secretary and Presidential spokesperson Ignacio Bunye are
reported as saying....................Subscribers Palace Rules Out Bingo Combo
MANILA, Philippines (August 25, 2005) Press Secretary and
Presidential Spokesperson Ignacio R. Bunye yesterday denied local media reports
............Subscribers Bingo Combo to Replace Illegal Numbers Lottery
MANILA, Philippines (August 24, 2005) -- The Arroyo administration will
reportedly legalize the illegal numbers lottery 'Jueteng, but under
another name........................Subscribers Doubts Linger Over "Two Balls" Legalization
MANILA, Philippines (July 1, 2005) -- At last week's meeting of the Senate
committee on public order and games, the former Philippine Amusement and Gaming
Corp. (Pagcor) chairwoman, reportedly told committee members that the illegal
lottery 'jueteng' ...................Subscribers Council Approves Pagcor's Online Gambling
Application PHILIPPINES (June 15, 2005) -- The City Council
has reportedly approved an application by the Philippine Amusement and Gaming
Corporation's (Pagcor) for Internet gaming station
operations.............................Subscribers Government Lottery and Gaming Organizations Competing For
Keno MANILA, Philippines (June 13, 2005) --
The Philippine Charities Sweepstakes Office
(PCSO) and the Philippine Amusement and Gaming Corp. (Pagcor), both
reportedly have plans to introduce "Quick
Draw Keno," just as soon.............Subscribers Philweb Partners with Canadian Firm for PAGCOR Online
Games MANILA, Philippines (June 7, 2005) -- Publicly listed
gaming firm PhilWeb Corp. (Philweb) yesterday said it had signed an agreement
with a unit of Futurebet Gaming Systems of Canada to be its partner
.................Subscribers Call to Merge Government Gaming Corporation and
Lottery MANILA, Philippines (May 24, 2005) -- Finance
Secretary Cesar V. Purisima is reportedly pushing for the merger of the
Philippine Amusement and Gaming Corp. (Pagcor) and the
Philippine Charity Sweepstakes Office (PCSO)
to improve regulation of the two organization's gambling and gaming
operations...........................Subscribers Government Gaming Corp. to Issue High Value Prepaid Cards for
SMS Gambling PHILIPPINES (April 28, 2005) -- State-run
Philippine Amusement and Gaming Corp. (Pagcor) has reportedly submitted to the
National Telecommunications Commission (NTC) guidelines
..........................Subscribers Courts Asked to Shut Down Government Gaming
Corp. PHILIPPINES (April 27, 2005) The Supreme Court
has been asked to close down the Philippine Amusement and Gaming Corp. (Pagcor)
......................Subscribers
Pre Paid Cards Proposed for Text
Gambling MANILA, Philippines (April 20, 2005) -- The
Philippine Amusement and Gaming Corp. (Pagcor) has a pending petition before
the National Telecommunications Commission (NTC) for four access numbers to
send and receive text ...................Subscribers
Government Gaming Corp. to Invest in Online
Betting CEBU, Philippines (April 18, 2005) -- Gambling
through cellular phones may soon be available ........................Subscribers
Government Gaming Corp. Launches Online
Betting on Cockfights MANILA, Philippines (March 6, 2005)
-- The Philippine Amusement and Gaming Corp. (Pagcor) launched the country's
first Internet-based cockfight betting ..............Subscribers Diamond I Finalizes Plans to Obtain Philippine Gaming
License Agency Agreement Provides for Direct Representation Before Gaming
Regulatory Body BATON ROUGE, La. (February 23, 2005) --
Diamond I, Inc. today announced that it has taken the final step in preparation
..................Subscribers Government Gaming Corporation Denies Its Franchise Expired Two
Years Ago PHILIPPINES (February 16, 2005) -- The Philippine
Amusement Gaming Corporation (Pagcor) has denied allegations that its franchise
expired over two years ago..........................Subcribers House Approves Government Gaming Corporation Franchise
Extension MANILA, Philippines (January 11, 2005) -- The
House of Representatives approved on third and final reading
..................Subscribers New State Gaming Corp. Franchise MANILA,
Philippines (January 5, 2005) -- A bill extending the franchise of the
Philippine Amusement and Gaming Corp. (Pagcor) is up for ..............Subscribers Lawmaker Calls on Government Gaming Corp. to Account for P928
Million MANILA, Philippines (January 5, 2005)
According to a report , Rep. Imee Marcos said that she would block passage
...................Subscribers 
|