PBBM Urges PAGCOR To Uphold Their Pledge In Tackling Illicit Activity: Are They Failing?
PBBM or Partido Federal ng Pilipinas urges Philippine Amusement and Gaming Corporation, (PAGCOR), to stay steadfast with its commitment to fight illicit activities. PAGCOR plays a crucial role as the government agency in charge of overseeing and regulating gambling activities.
In order to protect both the interests of players and government, the PBBM acknowledges the importance of maintaining a climate of integrity and transparence within the gambling industry. Illicit activities, such as money laundering and illegal gambling, can negatively impact the economy and reputation of a country. PAGCOR should continue its efforts in preventing and combating such activities through effective monitoring and enforcement. PAGCOR’s ability to effectively combat any illegal activities in the gambling industry can help maintain the public’s trust, promote fair competition, as well as contribute to the growth and development of the Philippine gaming sector.
MANILA — President Ferdinand R. Marcos Jr. on Tuesday called on the Philippine Amusement and Gaming Corporation (PAGCOR) to maintain its commitment to combating illicit activities and ensure responsible practices within the gaming industry, while maintaining social relevance.
“Let this anniversary therefore be a call to the future—a future where PAGCOR is at the front and center in reshaping the gaming landscape with responsible practices, unwavering integrity, and a steadfast commitment to combating illicit activities,” In his speech at the 40th Anniversary of PAGCOR, President Marcos stated.
The President also expressed optimism that PAGCOR has brightest years ahead of it, as he acknowledged the significant contributions made to nation-building by PAGCOR, especially in the tourism sector, creating jobs, providing social services to the marginalized and supporting government programs.
“Certainly, PAGCOR has made an indelible mark in our society with its undeniable contribution to nation-building,” President Marcos said.
The President, highlighting the enormous resources and capacity of PAGCOR, urged PAGCOR set new standards in the gaming industry and to continue to be a leader that creates not only financial success but also a positive social impact.
“May you remain a shining example of what it means to be workers at PAGCOR—individuals who stand firm in their dedication to service, excellence, and integrity, [and] who are determined to leave their mark not only in the gaming industry, but in our society as a whole,” He said.
According to PAGCOR Chairman and CEO Alejandro H. Tengco, the agency’s total Contributions to Nation Building (CNB) amounted to around Php607 billion for *the last four decades*, while its total dividend remittances since 2011 is now at Php64 billion.
PAGCOR’s CNB totaled Php45 Billion under the Marcos Administration. The agency aims to reach Php70billion by the end the year.
PAGCOR has implemented a variety of programs including classrooms, evacuation centers with multiple purposes, and assistance and subsidy grants to government offices, individuals and institutions.
The corporation supports programs funded by the Philippines Sports Commission and the Dangerous Drugs Board. (PND)