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Pacific Online Systems Corporation (POSC) was
incorporated 11 November 1993 and is engaged in the business of developing,
designing & managing online computer systems, terminals & software for
the Philippine gaming industry. The firm leases to the Philippine Charity
Sweepstakes Office (PCSO) under a two-network system, an on-line lottery
equipment & accessories for the latter's lottery operations in Vis-Min.
POSC has an 8-year Equipment Lease Agreement (ELA) with the PCSO which also has
an attached Maintenance & Repair Agreement (MRA). Last 15 February 2005,
POSC entered into a Supply & Service Contract (SSC) with Scientific Games
Worldwide Ltd., a global marketing & technology leader in lottery,
pari-mutuel & telecom industries that replaced the old GTEC Infrastructure
to AEGIS System. On 13 March 2006, POSC entered into a 2nd SSC with Intralot SA
Integrated Lottery Systems & Services, a firm based in Greece & leading
supplier of integrated gaming & transaction processing systems, for the
provision of another new system running under LOTOS application
software. Pacific Online Systems Corporation engages in the design,
development, and management of online computer systems, terminals, and software
for the gaming industry in the Philippines. It brokers technology from various
suppliers of integrated gaming systems and leases the equipment needed for the
online lottery operations to the Philippine Charity Sweepstakes Office (PCSO).
The company also provides technical support services to the PCSO. As of
December 31, 2006, it deployed 980 online lottery terminals. The company is
headquartered in Pasig City, the Philippines. Year over year, Pacific Online
Systems Corp. has been able to grow revenues from $337.7M to $413.6M. Most
impressively, the company has been able to reduce the percentage of sales
devoted to cost of goods sold from 82.18% to 78.48%. This was a driver that led
to a bottom line growth from $32.6M to $50.5M.
| News
2010 |
| Oct 8, 2010 |
Pacific Lottery Provides
Corporation Update |
| Sept 24, 2010 |
Listed Gaming Firm Pacific
Online to Sell Treasury Shares |
| Sept 20, 2010 |
Pacific Online Partners
with Digitel |
| August 25, 2010 |
Pacific Online Limited
Announce Interim 2010 Unaudited Financial Results |
| July 26, 2010 |
Listed Gaming Firm
Pacific Online Systems Corp. Up 14% |
| April 19, 2010 |
Lotto Sales Lift Pacific
Online's Q1 Income by 15% |
| March 29, 2010 |
Gaming Company Pacific
Online Systems Posts Net Income of P263M for 2009 |
| March 22, 2010 |
Philippine Lotto Co
Pacific Online Posts US$5.7Million Income For FY09 |
| March 15, 2010 |
Philippines Gambling Firm
Pacific Online Profit Up |
| January 6, 2010 |
Lotto Firms Sales
Climbed 18.5% to P7.69b Last Year |
Abacus to Sell Stake in
Lottery Operator MANILA, Philippines (December 29, 2009) --
Listed Abacus Consolidated Resources & Holdings, Inc. said Tuesday it would
sell almost a fifth of its ownership in Pacific Online Systems Corp. to fund
various projects.........................Subscribers
Abacus to Divest Entire
Stake in Pacific Online MANILA, Philippines (December 27,
2009) - Publicly-listed Abacus Consolidated Resources & Holdings Inc.
(ACRHI) is planning to unload its entire holdings in Pacific Online Systems
Corp.................Subscribers
Lottery Equipment
Provider Sees Growth From 6/55 MANILA, Philippines (October
13, 2009) According to local media source listed Pacific Online Systems
Corp. is welcoming a plan by state-run Philippine Charity Sweepstakes Office
(PCSO) to phase out its Power Lotto and replace it with a game similar to three
other existing lotto games, saying this would greatly boost sales next
year....................Subscribers
Firm Expands Lottery
Outlet Network MANILA, Philippines (September 11, 2009) --
Commercial lottery operator Pacific Online Systems Corp. is expanding its
distribution channel for instant lottery ScratchIt as part of plans to double
sales of the instant tickets to P1 billion..............Subscribers
Lottery Equipment
Supplier Allocates P140 Million Capital Spending For 09
MANILA, Philippines (June 30, 2009) - Pacific Online Systems Corp. has
earmarked P40 million worth of investments for new lottery terminals, as well
as P100 million for additional "Lucky Circle" outlets in the next 18
months.......................Subscribers
Pacific Online Taps Food
Firm to Distribute ScratchIT Tickets MANILA, Philippines
(May 7, 2009) -- In an apparent bid to further extend its distribution network,
listed lotto operator Pacific Online Systems Corp. has tapped popular Andok's
Litson Manok Corp. for its ScratchIT instant tickets...................Subscribers
PCSO
Lotto Operator's Income Up 53% Despite Crisis MANILA,
Philippines (April 3, 2009) -- The lotto operator of the
Philippine Charity Sweepstakes Office (PCSO),
Pacific Online Systems Corp., said it generated gross revenues of P766 million
last year, a 53-percent growth from 2007...............Subscribers
Lotto
Sales Increase Amid Difficult Times MANILA, Philippines
(March 24, 2009) -- Sales of the exclusive online lottery system provider of
the Philippine Charity Sweepstakes Office
(PCSO) in the Visayas and Mindanao are projected to grow by a fifth, or 20
percent from P6.49 billion, local media sources reported Willy Ng Ocier,
chairman and president of Pacific Online Systems Corp., said
today..................Subscribers
PCSO
Hits Lotto Record Sales in February MANILA, Philippines
(March 3, 2009) -- Pacific Online Systems Corp., the exclusive provider of
online lottery system of the Philippine Charity
Sweepstakes (PCSO) in the Visayas and Mindanao, is reported to have told
the Philippine Stock Exchange on Monday that lotto sales in February hit a new
record high.................Subscribers
Equipment Provider Sees Record Lotto Sales For
February MANILA, Philippines (February 24, 2009)
According to local media reports Pacific Online Systems Corp., the lone online
lottery equipment provider to the Philippines
Charity Sweepstakes Office (PCSO) in Visayas and Mindanao, is eyeing record
sales this month as loyal lotto players and first-time jackpot chasers turned
out in droves to buy that winning ticket..................Subscribers
Pacific Online, PCSO in Tickets Deal
MANILA, Philippines (February 12, 2009) -- Lottery
equipment provider Pacific Online Systems Corp. has signed an agreement with
the Philippine Charity Sweepstakes Office
(PCSO), its main client, to distribute 30 million instant lottery
tickets....................Subscribers
Pacific Online's Revenues Up As It Installs New Lotto
Terminals MANILA, Philippines (January 14, 2009) - Listed
Pacific Online Systems Corp., which provides lottery equipment to the
Philippine Charity Sweepstakes Office (PCSO)
in the Visayas and Mindanao, on Wednesday reported that its consolidated
revenues rose by nearly half last year..................Subscribers

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