The Philippine Charity Sweepstakes Office (PCSO) is the principal government agency for raising and providing funds for health programs, medical assistance and services, and charities of national character.The PCSO holds and conducts charity sweepstakes, races, and lotteries and engages in health and welfare-related investments, projects, and activities to provide for permanent and continuing sources of funds for its programs. It also undertakes other activities to enhance and expand such fund-generating operations as well as strengthen the agency’s fund-management capabilities.The main products of the PCSO are the sweepstakes and the lottery games.
The Court of Appeals has again affirmed a claim by DFNN for damages from the Philippine Charity Sweepstake Office (PCSO) for unilaterally pulling out of an equipment lease agreement.
Belle Corp. said revenue and profit in the nine months to September were lower due to a decrease in revenue from a unit that leases online betting equipment.
President Rodrigo Duterte has lifted the suspension on small town lottery (STL) operations but has set out conditions for their resumption, local media reports. In a video posted on Facebook on Thursday, Philippine Charity for Sweepstakes Office (PCSO) General Manager Royina Garma said the President had lifted the suspension as the STL authorized agent corporations […]
President Rodrigo Duterte has no plans to abolish the Philippine Charity and Sweepstake Office even though the agency has been accused of “massive corruption,” said a Palace spokesperson on Tuesday. Presidential Spokesperson Salvador Panelo said that the President is only ridding the agency of corruption. “We were not talking of closure of this agency. We’re […]
President Rodrigo Duterte has reinstated lotto games across the country, four days after a widespread ban was enacted on all PCSO gaming activities fear corruption, local media reports. “As per the advice of Executive Secretary Salvador C. Medialdea, the suspension of Lotto operations has been ordered lifted by the President,” said Palace spokesman Salvador Panelo […]
Belle Corp said revenue fell 7 percent in the first half as gains from its share of revenue in City of Dreams Manila (CoD) failed to outweigh a decline in revenue at a unit that leases online betting equipment.
DFNN said it is hopeful a long-standing legal dispute with the Philippine Charity Sweepstake Office (PCSO) is close to being settled and it will be able to collect the PHP310 million ($5.9 million) in damages that it was awarded by a court.
Philippine Charity Sweepstakes Office (PCSO) general manager Alexander Balutan on Thursday said that revenues from Small Town Lottery (STL) grew 146.9 percent in the first half of 2018, reaching P12.3 billion, local media reports. Balutan said the increase in revenue compared to last year is a testament of PCSO’s success in implementing STL across the […]