{"id":4762,"date":"2020-03-23T12:00:51","date_gmt":"2020-03-23T12:00:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=4762"},"modified":"2026-04-24T06:51:54","modified_gmt":"2026-04-24T09:51:54","slug":"pagcor-donation-gaming-coronavirus","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-donation-gaming-coronavirus","title":{"rendered":"PAGCOR’s third donation to fight against Coronavirus"},"content":{"rendered":"\n

The gaming regulator says on Tuesday it will donate US$233 million to the National Treasury<\/p>\n\n\n\n\n\n\n\n

Philippines.-\u00a0 PAGCOR<\/em><\/strong> will make its third donation<\/a><\/em><\/strong> to the national government to fight against Coronavirus. The gaming regulator says on Tuesday it will donate US$233 million to the National Treasury on Tuesday to cushion the economic impact of community quarantine measures.<\/p>\n\n\n\n

The Philippine Amusement and Gaming Corp. (PAGCOR) had already donated to authorities on two occasion<\/a><\/em><\/strong>s. The first help was a \u20ac34.7 million fund that was set up by the regulator last week and last Friday the regulator announced another donation of \u20ac8.6million to help the government. <\/p>\n\n\n\n

According to Inside Asia Gaming<\/em>, the remittance comprises PAGCOR\u2019s 2019 cash dividends, which are Php5.67 billion higher than are required under Philippines law based in the agency\u2019s 2019 gaming revenues of Php75.75 billion(US$1.49 billion) and profit of Php9.01 billion (US$176.7 million).<\/p>\n\n\n\n

\u201cPAGCOR, being one of the government\u2019s strong partners in nation-building will help ensure that through our funding support, the healthcare sector – as well as other frontline government agencies – will have access to basic medical necessities that are needed to combat the disease,\u201d  PAGCOR Chairman and CEO, Andrea Domingo said.<\/p>\n\n\n\n

PAGCOR confirmed last Friday the temporary suspension<\/a><\/em><\/strong> of all POGOs and their service providers (SPs) for the next month after the community quarantine measures imposed by President Rodrigo Duterte.
<\/p>\n","protected":false},"excerpt":{"rendered":"

The gaming regulator says on Tuesday it will donate US$233 million to the National Treasury<\/p>\n","protected":false},"author":2,"featured_media":4669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Amusement and Gaming Corp. (PAGCOR) is donating US$233 million to the National Treasury for COVID-19 relief, sourced from its 2019 cash dividends which exceeded statutory requirements based on Php75.75 billion in gaming revenues. This significant contribution underscores PAGCOR's dual role as a revenue generator and a key regulatory body, further highlighted by its recent temporary suspension of all POGOs and their service providers.","focusai_entities":"PAGCOR, National Treasury Philippines, Andrea Domingo, Inside Asia Gaming, President Rodrigo Duterte","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.8), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Suspension Impact","query":"What is the projected financial and operational impact of the temporary POGO suspension on PAGCOR's 2020 revenue forecasts and the broader Philippine iGaming B2B ecosystem?"},{"label":"Dividend Allocation Strategy","query":"How will PAGCOR's substantial dividend contribution to the National Treasury affect its future operational budget, capital expenditure plans, or capacity for sector-specific development initiatives?"}],"footnotes":""},"categories":[160,28,158,16333],"tags":[7299,7986,405],"class_list":["post-4762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-slider-home","category-south-east-asia-news","tag-coronavirus","tag-donation","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=4762"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4762\/revisions"}],"predecessor-version":[{"id":777010511,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4762\/revisions\/777010511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4669"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}