PCSO delays lotto ticket price increase

The company from the Philippines decided to postpone the price adjustment to July 23rd.

Philippines.- The Philippine Charity Sweepstakes Office (PCSO) announced on Wednesday that it has decided to delay the implementation of price adjustments for its lotto ticket products from July 8th to July 23rd.

Alexander Balutan, General Manager of the PCSO, said that the decision was made after considering the capability of the system providers. “In a letter from Pacific Online Systems Corp. (POSC) dated July 5th, 2018, it states there that the start of downloading of the program fix to their terminals will be from July 9th to 21st, 2018 and will take about two weeks for their program fix to be completely downloaded,” he said.

Arnel Casas, Assistant General Manager for Gaming Sector, declared that he made the recommendations to postpone the price adjustments after receiving a letter from PCSO. “The objective really is to have a simultaneous/synchronized implementation nationwide of all online lottery system providers of changes to reflect DST (Documentary Stamp Tax) to lotto tickets. This is in compliance with the Train law,” Casas said.