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PAGCOR Contributes 63.81% of Its Jan-September Revenues to Nation

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PAGCOR Contributes 63.81% of Its Jan-September Revenues to Nation PAGCOR, FBM THE HEART OF A FOR THE LOVE REACH OUT SURVIVOR: PAGCOR’s OF PAGCOR TO STRUGGLING COVID-19 SURVIVORS ESG VP Rick Faraon METRO MANILA SHARE THEIR STORIES CF Angeles GM Redentor Rivera JEEPNEY DRIVERS OF HOPE MEG VP Dondi Orlina PAGE 3 CENTERSPREAD P20 The JULY TO SEPTEMBER 2020 INSIDEROfficial Newsletter of the Philippine Amusement and Gaming Corporation www.pagcor.ph PAGCOR contributes 63.81% of its Jan-September revenues to nation-building 1% Board of Claims Share – RA7309 (0.01%) Corporate Income Tax – NIRC (0.16%) Host Cities’ Share – PD1869 (0.64%) Despite income losses 5% PSC Income Share – RA6847 (2.99%) ESPITE its huge revenue losses due to tightened quarantine mea- sures imposed by the government amidst the COVID-19 pan- Ddemic, PAGCOR still contributed significantly to nation- building during the first nine months of 2020. Socio-Civic Fund From January to September, PAGCOR re- Office of the President mitted P17.73 billion to national coffers. PD1869 (27.06%) Said amount was 63.81% of the agency’s 27.79 billion total rev- Without PAGCOR, enues in the past nine months. This amount is below target but there would have considering the limitations in gaming operations nationwide, it been no money is substantial nonetheless. to procure the Of PAGCOR’s P17.73 billion remittanc- es to the government, the lion’s share of equipment, fund P10.56 billion went to the National Trea- 50% Government foreign trips and sury, followed by P4.80 billion for the gov- ernment’s various socio civic projects. Share (59.54%) training and PAGCOR also remitted P1.11 billion franchise taxes to the Bureau of Internal allowances [for Revenue (BIR) and a total of P530.25 million athletes]. to the Philippine Sports Commission (PSC). The amount that PSC received was way be- low the amount it received from the state-run gaming firm during the same period last year. The huge budget slash forced the government sports agency to temporarily reduce the allowances of national athletes – William Ramirez by 50 percent to be able to continue their training for upcoming Chairman, Philippine major international competitions. 5% Franchise Tax – PD1869 (6.29%) Sports Commission ........................................................................................................................................................ Subsidies and Donations – PD1869 (3.06%) PAGCOR CONTRIBUTES P2 Dangerous Drugs Board – RA9165 (0.25%) Casino Filipino partially re-opens under tight safety protocols GAMING operations have par- tially resumed in 25 Casino Fil- ipino (CF) branches and sat- ellites after getting the green light from their respective lo- cal government units (LGUs) to return to business. As of writing, the CF prop- erties which partially resumed operations include 11 gam- ing sites in the National Capi- tal Region (NCR), 11 in other parts of Luzon and three in the Visayas region. These are the Bimondo Satellite, Citystate, Grandz Satellite, Madison Satellite, Malabon Satellite, CF Malate, CF Manila Bay, Midas Casino, Networld, Pan-Pacific, Ron- quillo Satellite, Tropicana and CF Winford in Metro Manila, Binan Satellite, Carmona Sat- ellite, CF Ilocos Norte, Kartini Satellite, Leisure World, Mimo- ................................................................ CASINO FILIPINO P2 THE PAGCOR INSIDER2 July-September 2020 NEWS ASD personnel receive PPE donation from CSRG HE Corporate Social Responsibility Group (SOGs). “We should protect our per- (CSRG) formally turned over to the Auxilia- sonnel as responders against Try Services Department (ASD) P9.8 million the virus, which is highly in- worth of personal protective equipment (PPE) last fectious and virulent. The May 5, 2020 at the PAGCOR Nayong Pilipino in Pa- DOH (Department of Health) requires them to be equipped say City. with appropriate PPEs in ac- cordance to the unified algo- Senior Medical Officer Gil shields. rithm,” he said. Hernandez received the dona- According to Hernandez, The ASD has already fully tion on behalf of the ASD. the PPEs will help ensure the distributed said items to con- The PPEs were comprised of nursing and expected respon- cerned employees nation- 104,000 face masks; 2,600 pro- sibilities of their department. wide. tective clothing; 13,000 KN95 The PPEs were distributed to – Carol Joanne Pauline C. Premacio masks; 2,500 face shields; the health services personnel 4,000 goggles; 450 non-medical in Corporate offices, Casino A PAGCORian healthcare grade protective clothing; and Filipino (CF) branches and personnel wears a PPE 2,000 non-medical grade face Satellite Operations Groups while tending to a patient. PAGCOR CONTRIBUTES Ramirez said. Meanwhile, host cities and FROM PAGE 1 communities where PAG- Nonetheless, PSC Chair- COR’s gaming venues oper- man William Ramirez lauded ate also received a total of PAGCOR for its continuing P112.92 million. The agency support to the government likewise paid P27.51 million sports agency despite the in Corporate Income taxes. challenges of the COVID-19 PAGCOR Chairman and pandemic. CEO Andrea Domingo said In a published statement, that while the pandemic has the PSC chief particularly crippled so many businesses, acknowledged PAGCOR’s including many economies substantial financial aid globally, the state-gaming for the highly-successful agency still did its best to ful- staging of the 30th South- fill its mandate to the govern- east Asian (SEA) Games ment. and the athletes’ prepara- “A huge percentage of tion for the Tokyo Olympics. PAGCOR’s revenues this year It can be recalled that the came from our operations state-run gaming firm do- from January to mid-March. nated P842.5 million to the We understand that many PSC last year for the reno- businesses are suffering be- vation of various facilities cause of the pandemic. But utilized for the SEA Games. we are hoping to recover as PAGCOR “Without PAGCOR, there we start opening our gaming would have been no money to venues while strictly enforc- continues procure the equipment, fund ing the government’s health foreign trips and training and safety protocols,” she said. to help Taal allowances [for athletes],” – Jesse C. Ong evacuees amid pandemic CASINO FILIPINO FROM PAGE 1 DESPITE suffering huge rev- sa Satellite, CF Olongapo, enue losses due the COVID-19 Oriental Pavilion, Paseo, CF pandemic, PAGCOR extended Tagaytay and Town Center much-needed relief assistance outside Metro Manila and to the residents of Batangas Crown Satellite, CF Cebu and province who have yet to re- Parkmall Satellite in Cebu. cover from the effects of the Said gaming facilities re- Taal Volcano eruption last commenced operations under January. 30 percent capacity, following The state-run gaming firm lo and Talisay. Each recipient Batangas 3rd District Rep- the easing of quarantine re- donated rice to a total of 1,000 was handed five kilos of rice in resentative Maitet Collantes strictions in their respective residents, who are still staying separate relief operations held led the distribution of the do- locations. in evacuation centers located on August 29, September 2 and nation to the beneficiaries. Moreover, these gaming in the towns of Balete, Agoncil- September 5. – Jasper D. Valencia establishments obtained per- try, wearing of face mask and mits from their respective face shield at all times, fre- local governments to open quent hand washing, social under the strictest health distancing, constant sanita- and safety protocols. These tion of gaming area and of- safety procedures include fices and no standing bettors, health screening prior to en- etc. – Jesse C. Ong Congresswoman Maitet Collantes (2nd from left) and the evacuees from Taal Volcano Island. THE PAGCOR INSIDER 3 July-September 2020 CORPORATE SOCIAL RESPONSIBILITY PAGCOR, FBM reach out to struggling Metro Manila jeepney drivers Above: Unloaded essential kits for AGCOR teamed up with FBM Global Brand distribution to quarantine-affected in a series of relief-giving activities, which jeepney drivers. brought much-needed aid to thousands of P Left: PAGCOR Chairman and CEO jeepney drivers in Metro Manila who were left Andrea D. Domingo (left), Manila Mayor Francisco “Isko Moreno” Domagoso without a source of income, following the months (middle) and FBM Country Manager of lockdown due to the COVID-19 pandemic. Amarillo Costa (right) during the distribution of relief goods to the jeepney FBM Global Brand, a digi- drivers of Manila. tal platform that caters to the electronic bingo market and Below: (from left) Community Relations and Services Department AVP Ramon slot machines donated a total Stephen R. Villaflor, CSRG VP James of 5,000 essential kits worth Patrick R. Bondoc, PAGCOR Chairman and P2.5 million to jeepney drivers CEO Andrea D. Domingo, FBM Country in Parañaque, Pasay, Quezon Manager Amarillo Costa and Pasay City City, and Manila. Each kit con- Mayor Hon. Imelda “Emi” Calixto-Rubiano tained rice, canned goods, and prepare the relief packs for distribution. health-related items like face masks, face shields, soap, and alcohol. FBM Country Manager Amarillo Costa said they did not think twice about joining hands with PAGCOR in its hu- FBM Country Manager Amarillo Costa manitarian activities. shares his experience regarding the “We felt the need to come to recent quarantine conditions. the aid of the distressed public transport sector whose tem- ay hindi masyadong ku- porary inactivity has brought mikita o walang kita sa mga so much discomfort to many panahong ito, nakasama pa commuters. But more than rin namin sila sa pagtulong the discomfort felt by the rid- sa mga drivers na halos pi- ing public, the jeepney drivers tong buwang walang hanap- bore the brunt of the lockdown, buhay,” she said. so we decided to do something Domingo added that the that would somehow ease their pandemic has affected PAG- plight," he explained. COR’s revenue generation ef- PAGCOR Chairman and CEO forts, but the agency remains Andrea Domingo, who graced steadfast in its commitment to relief mission was Jimmy Ser- lockdown, his family had to en- picha (money).
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