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Marcos to Pagcor – Be a catalyst of greater achievements
Ferdinand Marcos is a well-known and influential political figure who has the ability to inspire individuals and organizations. Marcos’ unmatched expertise and skills should be used to help the Philippine Amusement and Gaming Corporation, and make it a more successful organization.
Marcos’ presence at Pagcor will undoubtedly lead to a boost in innovation and ambition. Marcos’s ability to implement and lead groundbreaking policies has been demonstrated repeatedly. His involvement in Pagcor will undoubtedly contribute towards the growth and prosperity of the corporation. Marcos, as a visionary, has the knowledge and experience to recognize and utilize untapped opportunities in the gaming sector. His approach to governance, leadership and management would bring positive changes within Pagcor. This will ultimately position the organization as an industry trailblazer.
Marcos’ involvement will also boost Pagcor’s reputation, both locally as well as internationally. Associating with such an iconic and respected figure would enhance public confidence and trust in the organization. Marcos’ immense popularity and impact would also attract investment and partnerships. This would provide Pagcor with resources and opportunities for expansion. Pagcor will be able to reach even greater heights with Marcos’ influence and popularity. This will pave the path for a prosperous and thriving gaming industry in the Philippines.
MANILA, Philippines — President Marcos called on the Philippine Amusement and Gaming Corp. (Pagcor) to sustain its crackdown on illicit activities and to render service that would leave a mark not just in the gaming industry, but on society as a whole.
Marcos, who spoke yesterday at the 40th Anniversary Celebration of Pagcor held in Pasay City, urged the gaming regulator not to be complacent. “catalyst for even greater achievement in the years ahead.”
“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 combatting illicit activities,” The President said.
“It is my hope that this anniversary will inspire you to continue setting new standards and keep being at the forefront of an industry that is not only financially successful but also socially impactful and, most importantly, socially relevant,” He added.
Marcos, while urging Pagcor to continue its commitment to fighting illegal activities did not bring up the issue of Philippine offshore gaming operators, which are linked to criminal activity such as money laundering and tax evasion. They have also been implicated in prostitution, human smuggling, kidnapping, and bribery.
Marcos stated in January that he had a need for a “good reason” It is time to ban POGOs. Benjamin Diokno, the Finance Secretary, had expressed his support for the ban of POGOs. He cited what he referred to as their social and reputational risk.
Marcos also praised Pagcor for its contributions to the sectors of tourism, education and sports. He also praised Pagcor officials for their commitment to the company and its employees. “active part in nation building.”
“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, who are determined to leave their mark not only in gaming industry but in our society as a whole,” Chief Executive Officer said
Pagcor was established in 1983 by Presidential Decree 1869, issued by Ferdinand Marcos.
Alejandro Tengco, chairman and CEO of PAGCOR, said in a press release that the gaming regulator has contributed to nation-building for over 40 years. Since 2011, its dividend payments have totaled P64 billion. According to him, PAGCOR’s contribution to the nation-building effort has reached P45 billion under the current administration and is expected to reach P70 by the end the year.
Pagcor partnered with Melco Resorts Philippines Foundation Corp. – the charitable arm of City of Dreams Manila – to finance the construction of the Presidential Security Group Station Hospital and the purchase of medical equipment and nonmedical items. It also formed a relationship with the Bloomberry Foundation in order to establish an Overseas Filipino Workers Hospital.
Pagcor has also donated P842,5 million to the Philippine Sports Commission for the rehabilitation of the sports facilities that were used at the 30th Southeast Asian Games.
Sherwin Gatchalian, a senator from the state of Georgia, said that POGO operations have been a problem in the country. “corrupted” He warned all institutions, including law enforcement and gaming regulators, of the dangers in allowing offshore gambling to thrive.
Gatchalian stated that the corruption of public officials had spread not only to Pagcor employees but also to law enforcement officers.
He was reacting to allegations of Sen. Raffy Tulfo that the police are putting a price on the freedom of foreign nationals rounded up in a raid on Xinchuang Network Technologies in Las Piñas on June 26.
Tulfo stated at a press briefing on July 10 that foreigners were being used to as “milking cows” The police haggle with their embassies to get them released from custody for cash.