PCSO general manager Mel Robles issued the statement shortly after the agency was recently recognized by President Marcos for its significant contribution to the national treasury.MANILA, Philippines — The Philippine Charity Sweepstakes Office could have remitted higher dividends to the government had the authorities been successful in neutralizing illegal gambling operations in the country.
In 2023, PCSO achieved a notable revenue of P61.45 billion, marking a seven percent rise from the total gaming revenue of P57.467 billion in 2022. Among the illegal games that the PCSO is trying to combat are bookies, jueteng, unauthorized small-town lottery draws and illegal online lotto operations. As per Republic Act 7656, government-owned and controlled corporations like the PCSO must remit at least 50 percent of their annual net earnings to the national treasury.
The Department of Education will cut the prescribed minimum of 180 school days for the coming school year 2024-2025 by 15...
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »