Spotlight | The Philippine Amusement and Gaming Corp. still managed to make significant contributions to nation-building and ramped up its provision of necessary aid to the government and other beneficiaries amidst the global health crisis. READ:
Despite suffering a sharp decline in its revenues due to the suspension of gaming operations, the Philippine Amusement and Gaming Corporation still managed to make significant contributions to national coffers and to nation-building amidst the global health crisis.
Of these contributions, P29.74 billion went to the Bureau of the Treasury, representing the 50% government share. Apart from the 50% nation al government share, the state run gaming firm’s remittances in 2020 to 2021 to the Bureau of Internal Revenue totaled to P3.13 billion; P7.64 billion to the Socio-Civic Project Fund of the Office of the President; P1.48 billion to the Philippine Sports Commission ; P22.02 million to the Board of Claims and P147.57 million for cities and local government units hosting a Casino Filipino branch.
Hence, through their foundations, the integrated resorts and casinos joined hands with PAGCOR and contributed over P1.1 billion aid to various hospitals, local government units, government offices and communities in 2020. In 2021, these foundations also allocated P902.57 million to COVID response.
PAGCOR also unveiled in 2021 the “PAGCOR Village”, a charitable project that seeks to safeguard the living conditions of families displaced by the the eruption of Taal Volcano in Batangas in 2020.
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