The Philippine Amusement and Gaming Corp. (Pagcor) is
a government-controlled corporation, and is a top income earner of the
government and whose principal beneficiaries include the President's Social
Fund, the Philippine Sports Commission, and government health, education, and
scientific programs, among others.
Its charter was created by Presidential
Decree No. 1869, which authorizes the corporation to put up games of chance,
recreation centers and facilities, entertainment outlets, casinos, and sports
and tourism-related undertakings.
| News
2012 |
| May 7, 2012 |
Pagcor City 'Las
Vegas-Style' Project Offers Windfall To Region |
| April 28, 2012 |
State-Owned Gaming
Corporation Remits P3.5bln to Treasury |
| May 1, 2012 |
Racing Firm Bets Growth on
New Mobile Business Venture |
| April 30, 2012 |
Under New Management,
Pagcor Breaks Previous Records |
| April 23, 2012 |
Belle Corp. Defers
“Grand Opening” of Its $750-Million
Gaming Development |
| April 19, 2012 |
Gaming Solutions Provider
Posts 40% Increase in Net Income in Q1 |
| April 16, 2012 |
Government Owned Gaming
Corporation’s Earnings Hit New Record in March |
| April 2, 2012 |
House Not Keen on Probe of
Gaming Corporation’s Senior Executives |
| March 26, 2012 |
Government Looks To
Gambling For Major Boost To Tourism |
| March 12, 2012 |
Government Owned Gaming
Firm Confident of Hitting Its P45-Billion Year-End Gross Income
Target |
| March 12, 2012 |
Authority To Issue Gaming
Franchise Returned to Congress |
| March 4, 2012 |
Can the Government Afford
to Let Go of Revenue from Casino Operations, That’s the
Question |
| February 27, 2012 |
No Forced Resignation For
Government Gaming Firm Exec Tagged In Bribery, According To Presidential
Palace |
| February 23, 2012 |
Government Owned Gaming
Agency Denies Casino Graft Involvement |
| February 22, 2012 |
Japanese Tycoon Named In
US Suit |
| February 15, 2012 |
Online Gambling Operator
Declares Double-Digit Growth for Net Income Last Year |
| February 14, 2012 |
Gaming
Corporation To Increase PSC Remittances |
| January 26, 2012 |
CBCP Oppose Electronic
Bingo in Kidapawan City |
| January 19, 2012 |
Senator Wants to Revisit
the Charters of Two Governments Owned and Controlled Gaming, Lottery
Corporations |
| January 13, 2012 |
Government Owned Gaming
Firm Studies New Gaming Concept |
| January 6, 2012 |
State Owned Gaming Firm
and Internal Revenue End Tax Dispute |
| January 1, 2012 |
Congress Urges State Gaming
Corporation to Rescind Its Contract with a Private Company to Operate
“Bingo Milyonaryo” |
| News
2011 |
| December 27, 2011 |
Government Gaming Firm
Loses in Casino Operator’s Damage Charges |
| December 17, 2011 |
State Gaming Firm Posts
Record November Winnings |
| December 10, 2011 |
Senator Urges
Investigation Into the Proliferation of Gambling |
| December 5, 2011 |
State-Owned Gaming
Corporation Remits in Excess of P9 Billion to Government in the First 10-Months
of the Year |
| November 30, 2011 |
Jockey Club Clinches Deal
for Off-Track Betting Stations in Pagcor Casinos |
| November 12, 2011 |
Government Gaming
Corporation to Spend P1 Billion to Fund the Construction of School
Buildings |
| November 14, 2011 |
Technology Firm DFNN Takes
Stake in Company That Provides of Betting And Gaming Solutions to State-Owned
Gaming Corp. |
| October 25, 2011 |
Government Gaming
Corporation Posts New Monthly Revenue Record in September |
| September 19, 2011 |
Government Gaming
Corporation Eyes Share in $115-Billion Global Game, Upgrades
Standards |
| September 19, 2011 |
Government May Consider
Privatization of PCSO and Pagcor |
| August 19, 2011 |
Government Gaming
Corporation Draws Fire Anew for Slot Machine Deal |
| August 16, 2011 |
State-Run Gaming Corp
Posts 3rd Month of Record Revenues |
| August 15, 2011 |
State-owned Gaming
Corporation Increases Remittance By 5.6% |
| August 9, 2011 |
Three Men Sting
Philippines Casinos for P160-Million |
| August 7, 2011 |
Former Pagcor Executives
Seek Lifting of Hold Departure Order Against Them |
| July 26, 2011 |
Four Cases Have Now Been
Filed Against Former Pagcor Officials |
| July 8, 2011 |
Senate’s Finance Chief
Calls for the Immediate Privatization of the Operations of the
Government’s Lottery and Gaming Firms |
| June 29, 2011 |
Philippine Casinos Cash
in on Asia's Exploding Gambling Market |
| June 27, 2011 |
Government Owned Gaming
Firm Posts Highest Revenues in History |
| June 27, 2011 |
Council Seeks
Authorization for ‘Foreigners Only’ Gambling
Policy |
| June 16, 2011 |
Pagcor Grants Comnet
Management Corp. Authority to Operate Bingo Millions in Negros
Occidental |
| June 15, 2011 |
Former Government Owned
Gaming Corporation Executives Charged |
| June 10, 2011 |
Court Grants Temporary
Restraining Order Enjoining PAGCOR from Initiating the Threatened Cessation
Proceedings Against Thunderbird Resorts |
| May 29, 2011 |
State-Owned Gaming Firm
Prepays P1.6 Billion in Loans |
| May 17, 2011 |
Government Owned Gaming
Firm Report Q1 Revenues Up P1Billion |
| May 8, 2011 |
State-Owned Gaming
Corporation Privatization Seen Raising At Least P400B |
| May 3, 2011 |
State Gaming Corporation
Hikes Revenues by Ten Percent in First Quarter |
| March 19, 2011 |
State-Owned Gaming
Corporation’s January’s Return to Government Down on
2010 |
| March 12, 2011 |
State-Owned Gaming
Corporation Remitted P10.3 billion to Government |
| February 21, 2011 |
State Owned Gaming Company
Revenues Up 11.4 Percent in January |
| January 18, 2011 |
Belle Reiterates Interest
in Acquiring Government Gaming Corporation |
| Jan 2, 2011 |
State Gaming Firm Says
Sales, Profit Higher Since July |
Government Owned Gaming
Firm Posts 6.4 Percent Revenue Increase in 1H
MANILA,
Philippines (August 18, 2010) – Report the Philippine Amusement and Gaming
Corporation (Pagcor) posted an unaudited revenue of P15.54 billion from January
to June 2010, exceeding its P14.6 billion income for the same period last year
by 6.43 percent.............Subscribers
Government Owned Gaming
Firm Plans Expansion Prior to Sale
MANILA, Philippines
(August 16, 2010) - The Philippine Amusement and Gaming Corp. (Pagcor) plans to
expand its casino operations to make the state-run gaming firm more attractive
should President Benigno Aquino III decide to sell it to private
investors.......Subscribers
More Investors Show
Interest in State-Owned Gaming Firm
MANILA, Philippines
(August 11, 2010) – As reported today that the Philippine Amusement and
Gaming Corp. (Pagcor) said Wednesday that the Filipino businessman’s offer
of US10 billion to acquire the state-run gaming firm has caught the attention
of a further two groups of investors...........Subscribers
Local Government Units
Stand To Lose Significant Financial Aid If The State-Run Gaming Firm Is
Privatized
PHILIPPINES (August 11, 2010) -- News reported
today that local government units stand to lose significant financial aid if
the state-run gaming firm, Philippine Amusement and Gaming Corporation (Pagcor)
is privatized........Subscribers
Philippines is Aiming to
Become Asia’s Next Big Gambling Hub
MANILA,
Philippines (August 11, 2010) -- reports the Philippines’ gaming regulator
said on Tuesday the country is aiming to become Asia’s next big gambling
hub with casino and entertainment resorts built in key tourist spots across the
country.........Subscribers
Tycoon Bids $10B for
State Owned Gambling Firm
MANILA, Philippines (August 9,
2010) – According to local media reports the government has received a
proposal to privatize the Philippine Amusement and Gaming Corporation
(PAGCOR)...............Subscribers
Call for Probe of State
Gaming Corporation Pushed in House
MANILA, Philippines
(July 29, 2010) – Multimillion-peso anomalies have allegedly hounded the
Philippine Amusement and Gaming Corporation (Pagcor) and the House of
Representatives wants an investigation.......Subscribers
Government’s Share
From State Owned Gaming Corporation Slips in First Half
MANILA, Philippines (July 26, 2010) – According to a local publication
treasury data shows the Philippine Amusement and Gaming Corp. (Pagcor) turned
over......Subscribers
Government Gaming
Corporation PAGCOR to Review Mobile Casinos
MANILA,
Philippines (July 22, 2010) -- News reports the new management of the
Philippine Amusement and Gaming Corporation (PAGCOR) is alarmed after learning
of the proliferation of various mobile casinos in different parts of the
country..........Subscribers
New Pagcor Chairman
Initiates Probe Into P21-Million Worth of Transactions
MANILA, Philippines (July 18, 2010) – Reports the Philippine Amusement
and Gaming Corp. (Pagcor) is continuing its investigation into an attempt by a
former employee to encash a cheque worth more than P21 million...........Subscribers
President Cautioned on
Privatizing Government Owned Gaming Corporation
MANILA,
Philippines (July 15, 2010) – It was reported today that a key ally of
President Benigno Aquino III yesterday cautioned him against fully privatizing
the Philippine Amusement and Gaming Corp. (Pagcor).....................Subscribers
Listed Online Technology
Firm PhilWeb Reports Net Income of P322 Million for 1H of 2010
MANILA, Philippines (July 12, 2010) -- PhilWeb Corp., the country?s first
and largest listed online technology firm, in its disclosure to the Philippine
Stock Exchange has reported.....Subscribers.
Microgaming-Moves-Closer-To-Home
PHILIPPINES (July 13, 2010) -- Microgaming, a software developer based in
Isle of Man, has signed a contract with the Philippines Amusement and Gaming
Corporation (PAGCOR), the nation’s state controlled amusement company.
Microgaming is entering this long term partnership agreement in order to
showcase various online casino games.......Subscribers
Supreme Court Denies
State-Owned Gaming Corporation’s Petition to Nullify Casino
Contract
MANILA, Philippines (July 7, 2010) -- The Manila
Times reports the Supreme Court (SC) has denied for lack of merit a petition
for review filed by state-owned Philippine Amusement and Gaming Corp. (Pagcor)
seeking to nullify a contract it had entered into with Fontana Development
Corp.................Subscribers
President Opposes Any
Move to Legalize ‘Jueteng’ and Other Numbers Game
MANILLA, Philippines (July 6, 2010) - President Noynoy Aquino is opposed to
the legalization of jueteng and other numbers game in the country even though
it could generate additional funds for government.........Subscribers
President Orders Review
of Contracts Signed by Previous Administration of State Owned Gaming
Corporation
MANILA, Philippines (July 4, 2010) - President
Benigno Aquino III has ordered the director of Philippine Amusement and Gaming
Corp. (Pagcor) to scrutinize all the midnight deals entered into by his
predecessor........Subscribers
State Gaming Corporation
Chief Resigns
MANILA, Philippines (June 16, 2010) –
Chair of the Philippine Amusement and Gaming Corporation (PAGCOR), reportedly
wants out of the state-owned corporation and will resign at the same
time....................Subscribers
New Appointment at
Government Owned Gaming Corporation Defended
MANILA,
Philippines (May 31, 2010) – Media reports a top Malacañang
official on Sunday defended the recent reappointment of Efraim Genuino as chair
of Philippine Amusement and Gaming Corp. (Pagcor), extending his term into the
incoming administration of presumptive president-elect Benigno Aquino
III.......................Subscribers
Listed Online Technology
Firm PhilWeb Income Up 52% to P150 Million in Q1
MANILA,
Philippines (April 22, 2010) -- Listed online technology firm PhilWeb
Corporation reported a 52 percent jump in net income in the first quarter of
the year to P150 million from the P99 million it posted in the same period of
2009................Subscribers
ICTSI Chief Ventures
Into Gaming Business
MANILA, Philippines (April 6, 2010)
– According to news sources the chairman of International Container
Terminal Services Inc. (ICTSI) is venturing into the gaming business through
the acquisition of a company licensed to operate at the country’s
up-and-coming gambling hub....................Subscribers
Gaming Corporation
Pagcor Remits P1.6 billion to Government in January-February
MANILA, Philippines (April 2, 2010) -- News reports the Philippine
Amusement and Gaming Corporation (PAGCOR), under the stewardship of Efrain C.
Genuino, Chairman and Chief Executive Officer, has remitted P1.6 billion to the
national government coffers in the first two-months of the
year.....................Subscibers
Foreigners Allowed to
Join Gaming Sector
MANILA, Philippines (March 17, 2010) -
Sources report a directive allowing the entry of foreign investors into the
local gaming sector has been issued by
Malacañang...................Subscribers
PhilWeb Posts Profit
Growth, Eyes Deals With Asian Gambling Outfits
MANILA,
Philippines (February 23, 2010) – Reports online gaming company PhilWeb
Corp. posted an 89-percent increase in net income last year and expects this
year to be a busy one as it expands internationally by serving legal gambling
outfits throughout the Asian region................Subscribers
Listed Online Technology
Firm PhilWeb to Enter Mobile Lotto Gaming; Forms P1-Billion Mobile Lottery
Unit
MANILA, Philippines (February 7, 2010) - PhilWeb
Corp., the country’s first listed online technology firm, has set up a P1
billion company that will operate mobile lottery games as part of a strategy to
expand horizons......................Subscribers
Gaming Corporation Chief
Seeks Fixed Term Prior to Commencement of Election Appointment
Ban
MANILA, Philippines (January 26, 2010) – According
to an ABS-CBN News report bills that would grant the Philippine Amusement and
Gaming Corp. (PAGCOR) chief a fixed term of 3 to 7 years may still get passed
even if there are only a few session days left before Congress adjourns for the
May 10, elections......................Subscribers
Macau Gaming Firm Offers
to Buy Into Listed DFNN
MANILA, Philippines (January 11,
2010) -- A Macau-based gaming company has offered to buy $3 million (about P138
million) worth of primary shares of listed DFNN, Inc., which will use the money
to buy into a local gaming firm...................Subscribers
Online Gaming Business
Boosts PhilWeb's Profit; Expects to Post P1Billion in Profit This Year
MANILA, Philippines (January 8, 2010) -- Local online
gambling firm PhilWeb Corp. expects to post P1 billion in earnings this year as
its various investments in 2009 are seen to start bearing fruit in the
now-recovering domestic economy.....................Subscribers
Bid to Extend Terms of
PAGCOR Chief, Board Past 2010 Blocked
MANILA, Philippines
(December 14, 2009) – According to local media reports senators are
opposing two identical bills seeking to extend the terms of the
Arroyo-appointed current chairman and the members of the Philippine Amusement
and Gaming Corp. (Pagcor) beyond 2010.....................Subscribers
State Owned Gaming
Corporation Pagcor Doubles Income in Eight Years
MANILA,
Philippines (December 14, 2009) -- It was reported today that the Philippine
Amusement and Gaming Corp. (PAGCOR) reported that from a total annual income of
P14.62 billion in 2000, the corporation posted a whopping P29.61 billion income
in 2008 and P14.6 billion in the first semester of 2009
alone.....................Subscribers
Listed Internet Gaming
Company Philweb Forms P1-Billion Subsidiary for Overseas Gaming Initiatives
MANILA, Philippines (November 23, 2009) – A leading
Philippines newspaper reported today that listed online technology and gaming
firm Philweb Corp. has put up a P1 billion company that will take charge of its
proposed gaming initiatives abroad......................Subscribers
House Agrees to Grant
PAGCOR Tax Exemption
MANILA, Philippines (November 17,
2009) – The Philippines reported today that a House panel on Tuesday
agreed to exempt the hugely profitable Philippine Amusement and Gaming Corp.
(PAGCOR) from paying income taxes, despite the objections of finance officials
who said the government needed the revenues from the gaming
firm.............Subscribers
Philippine Online Tech
Company Philweb Posts US$3Million Q3 Net Income
Growth
driven by expansion of PAGCOR e-Games cafaace network
MANILA, Philippines
(October 21, 2009) -- Philweb Corporation, the Philippines' first and largest
listed, online technology firm, reported that its net income for the third
quarter period amounted to P144.8 million (US$3.1 million), or 133 per cent
higher compared to the growth rate last year.....................Subscribers
State Owned Gaming Firm
Told to Pay P6.8 Billion in Taxes
MANILA, PHILIPPINES
(September 9, 2009) -- State-Owned Philippine Amusement and Gaming Corp.
(Pagcor) owes the Philippine government a total of P6.8 billion in unpaid
taxes............Subscribers
House to Pursue Probe of
Spanish Gaming Firm
MANILA, Philippines (June 15, 2009) --
The House of Representatives will pursue its inquiry into the propriety of a
Spanish gaming firm registered in a Northern Luzon economic zone engaging in
betting operations outside its jurisdiction........................Subscribers
PhilWeb Allocates P80
Million for e-Cafés
MANILA, Philippines (May 29,
2009) -- Philweb Corp. is earmarking up to P80 million for capital expenditures
(capex) this year, mainly to finance the establishment of more Pagcor e-Games
cafés (Pegs)........................Subscribers
Listed Internet Company
Philweb Corp Posts US$6.1 Million Net Income For 2008
MANILA, Philippines (Apr 14, 2009) -- PhilWeb Corporation (PSE:WEB), the
Philippines' first ever listed internet company, has announced that it has
posted a net income of......................Subscribers
Bill
Seeks Full Audit of Government Gaming Corporation
MANILA,
Philippines (April 1, 2009) -- The house of Representatives has passed to the
Senate a bill requiring that all the funds and transactions of the Philippine
Amusement and Gaming Corp. (Pagcor) including revenues, income and
expenditures, be examined by the Commission on Audit (CoA)..............Subscribers
Listed Gaming Firm Doubles Profits Last Year, Reports Huge
Earnings From Pagcor Games
MANILA, Philippines (January 23,
2009) -- Listed gaming firm PhilWeb Corp. expects to continue posting hefty
profits this year as the online gambling industry shrugs off the effects of the
slowing economy.................Subscribers
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