Philanthropic agency PAGCOR contributes €300,000 towards multiple charitable endeavors within the Philippines.
Supporting the Filipino Community, One Grant at a Time 🇵🇭
PAGCOR, the Philippine gaming industry's rock, donates a whopping PHP19.5 million ($331,000) to various organizations as part of their commitment to regional development. 💰
A Melting Pot of Beneficiaries
This latest round of grants was distributed among the Kaginhawaan Development Institute, Inc, Wounded Soldiers Agriculture Cooperative, Provincial Government of Isabela, Barangay Bautista, and Organization of Student Services Educators, Inc. The Kaginhawaan Development Institute, the biggest recipient, raked in PHP12.5 million ($212,000) for their Livelihood Expansion for Marketing and Agri-Learning Program. 🎓
A helping hand worth PHP1.83 million ($31,000) was extended to the Wounded Soldiers Agriculture Cooperative, while the University of the Philippines Diliman, the Provincial Government of Isabela, and Barangay Bautista received PHP2.46 million ($42,000), PHP 2.36 million ($40,000), and PHP 366,400 ($6,200) respectively. 🤝
The allocations are thoughtfully distributed based on merit and urgency, aligning with PAGCOR's ongoing efforts to support government initiatives. 🏪
defiant PAGCOR: The Revenue Machine
PAGCOR doesn't back down from the naysayers who claim the regulator isn't doing enough to fill the state treasury. Every peso generated from the gaming industry's tax goes straight to the government or is channeled as per government requests to a variety of initiatives. 👊
A hot topic on the table these days is the potential privatization of state-owned casinos. PAGCOR's new CEO and chairman, Alejandro Tengco, sees this move as a possible win-win, potentially boosting revenue for the state coffers. 💸
However, only time will tell if this strategy will actually pay off. In the meantime, PAGCOR continues to stand tall as a cornerstone of the Philippine gaming industry and a significant contributor to the nation. 🇵🇭💛
The gambling industry's regulatory body, PAGCOR, donates PHP19.5 million ($331,000) to various organizations in the Philippines, including the Kaginhawaan Development Institute, Wounded Soldiers Agriculture Cooperative, Provincial Government of Isabela, Barangay Bautista, and Organization of Student Services Educators, Inc. These grants contribute to regional development and support government initiatives. Despite criticism, PAGCOR generates revenue for the government from the gambling industry and may consider privatizing state-owned casinos as a means of boosting state revenues. This ongoing philanthropic and financial support positions PAGCOR as a significant contributor to the Philippine nation.
