Philippine Amusement and Gaming Corporation

PAGCOR champions sports development

Sun | 12.2.2018 | 9:00 AM

PAGCOR champions sports developmentHidilyn Diaz proudly carries the Philippine flag after clinching a gold medal at the women’s 53kg weightlifting event during the 18th Asian Games in Jakarta, Indonesia.

Blessed with athletic talents and strong will to win, Filipinos are now making waves in major international sports competitions. The Philippine Amusement and Gaming Corporation (PAGCOR) recognizes their exploits by rewarding outstanding athletes and their coaches who bring honor to the country.

Recently, weightlifter Hidilyn Diaz, skateboarder Margielyn Didal and golfers Yuka Saso, Bianca Pagdanganan and Lois Kaye Go all brought home gold medals from the 2018 Asian Games. Aside from gold, the Philippines also proudly took home two silver and 15 bronze medals – a feat that the country strives so much to beat.

As the Philippines solidifies its position in the global sports map, PAGCOR likewise buoys up the sports sector with its contributions to the Philippine Sports Commission (PSC).

By virtue of Republic Act (RA) 6847, PAGCOR remits a portion of its revenues to the PSC to help “finance the country’s sports development well as the country’s participation at international sports competitions...” Since 1990, PAGCOR’s mandated contribution has reached more than P14.55 billion.

Aside from remittances to the PSC, PAGCOR also recognizes athletic heroes who reaped honors for the Philippines in major international sports competitions by virtue of RA 10699, an act expanding the coverage of incentives to national athletes and coaches. To date, the agency has given a total of P261 million to athletes and their coaches who triumphed in major tournaments overseas.

PAGCOR is able to produce revenues that fuel the growth of local athletics by regulating gaming and preventing the proliferation of illegal gambling in the Philippines.

Aside from PSC, PAGCOR remits 50% of its revenues to the National  Treasury. The agency also regularly allocates a portion of its income to various mandated beneficiaries such as the Early Childhood Care and Development, the Dangerous Drugs Board, cities hosting a Casino Filipino branch, the President’s Social Fund, among others.

PAGkilala sa atleta... PAGCOR

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