The support was formalised through a Memorandum of Agreement.
The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has committed PHP50m (US$860,000) in financial assistance to the National Bureau of Investigation (NBI). The donation is intended to strengthen operations against illegal gaming.
PAGCOR chairman and CEO Alejandro H. Tengco and NBI director Jaime Santiago signed a Memorandum of Agreement (MOA) to formalise the support. An initial PHP25m (US$430,000) was immediately turned over, representing the first tranche of the assistance, during the MOA signing.
During the ceremony at the PAGCOR Corporate Office in Pasay City, Tengco said the partnership underscores PAGCOR’s mission not only to regulate gaming and generate revenues for nation-building but also to protect the integrity of the industry.
“This morning, we are signing a Memorandum of Agreement that underscores the shared responsibility of PAGCOR and the NBI in promoting lawful, fair, and responsible gaming in the Philippines,” he said. “This assistance will defray the cost of food and expenses for POGO detainees, as well as support the Bureau’s legitimate operations against illegal gaming activities.”
He added: “Illegal gambling operators undermine our laws, exploit our people, and put our communities at risk. By working hand in hand with the NBI, we are sending a strong message that we will not allow unlawful gaming practices to persist.”
NBI director Santiago said PAGCOR’s assistance would boost the Bureau’s capabilities to pursue its mandate. “The NBI welcomes PAGCOR’s assistance as it will enable us to step up our operations against illegal POGOs and other unlawful gaming activities. This partnership affirms our shared duty to uphold the law and protect the Filipino people,” he said.
The support was formalised through a Memorandum of Agreement. The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has committed PHP50m (US$860,000) in financial assistance to the National Bureau of…
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