Login/Register
Evolution
Evolution
High 5 Games
OpenBet

PAGCOR releases €218m for COVID-19 response fund in the Philippines

24th March 2020 10:46 am GMT
Philippines Flag

The state-owned Philippine Amusement and Gaming Corporation (PAGCOR) has released P12bn (€217.6m) to the National Treasury to help cushion the economic impact of the COVID-19 pandemic.

The remittance comprises the agency’s cash dividends for 2019 and is P5.67bn higher than PAGCOR is required to remit.

PAGCOR chairman and CEO Andrea Domingo said that with the remittance, the agency’s 2019 cash dividends will be 44.7 per cent higher than the required 50 per cent annual net earnings of the [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Related Videos
Pragmatic Solutions
Sportradar
digitain
Gamomat
Future Anthem
Genius Sport
NeoGames
G2E
Relax Gaming
Greentube
High 5 Games
Pronet Gaming