The Philippine regulator has reported that fraudsters have been using the PAGCOR’s name and inviting business owners to join a fake tender.
The Philippines.- The Philippine Amusement and Gaming Corp. (PAGCOR) has issued a warning about a group that has been using the regulator’s name for a fake tender.
According to PAGCOR, fraudsters have been inviting business owners to enter a bid to supply pastries and bottled water to PAGCOR, including its Casino Filipino branches.
The regulator said in a statement: “These fraudsters used fake documents and forged the signatures of some PAGCOR officials to ask for hefty fees, which will allegedly help the suppliers secure a contract with PAGCOR.”
PAGCOR warned local business owners not to fall prey to these fraudulent activities and suggested verifying the legitimacy of any PAGCOR-related communications with the regulator.
PAGCOR recently remitted US$28.3m to the Philippines National Treasury to help the government fight against the Covid-19 pandemic.
PAGOR‘s revenue for 2020 was US$624m, down 60.4 per cent year-on-year and the lowest for at least seven years. The Covid-19 pandemic deeply affected casino revenues due to several lockdowns.
PAGCOR Chairman and CEO Andrea Domingo said: “After more than a year into the pandemic, PAGCOR is still doing its best to fulfil our mandate and commitment to nation-building.
“We may be in a very challenging time, but we are all in this together. Because of PAGCOR’s prudent use of funds and continuous effort to generate revenues, can to help fund necessary government programs amidst the crisis.”