Philippines government to privatize lottery

The Philippines government has confirmed it is planning to privatize the lottery operations of state-owned Philippine Charity and Sweepstakes Office (PCSO).

The announcement was made by Economic Planning Secretary Ernesto Pernia to reporters at the sidelines of the Chamber of Thrift Banks general membership meeting in Makati City.

“[It had] something to do with, small time gambling—lotto [and] what to do with it. [The plan was to] privatize and then regulate. It needs to be regulated,” Pernia said, quoted by The Standard.

“It will be liberalized. Those who want to set up, they can also set up,” he said.

President Rodrigo Duterte earlier tagged PCSO as among the most corrupt government agencies.

In July, former officials of the Philippine Charity and Sweepstakes Office were questioned over the extension of contracts for the lease of lottery terminals without public bidding during their time at PCSO.

According to the Inquirer, the anti corruption group filed the complaint in the Office of the Ombudsman alleging irregularities in the renewal contracts awarded to Philippine Gaming and Management Corp. (PGMC) and Pacific Online Systems Corp. (POSC) in 2015.

PCSO chair Erineo Maliksi and his predecessor Margarita Juico were both named in the complaint.

More news from this jurisdiction

PhilippinesMonday, Feb 19, 2018

Demand from gaming companies will be a significant driver for Manila’s property market this year, with growth likely to exceed earlier expectations, local media cited Leechui Property Consultants as saying.

Philippines, JapanThursday, Feb 15, 2018

Universal Entertainment Corporation, operator of Okada Manila, recorded a net loss of JPY 13.4 billion for 2017 fiscal year, due mainly to an operating loss from its casino and resorts business.

PhilippinesMonday, Feb 12, 2018

Philippine Amusement and Gaming Corporation (PAGCOR) chair Andrea Domingo said she expects income earned from online casinos under the POGO scheme to reach P6 billion in 2018.

PhilippinesWednesday, Feb 07, 2018

Philippine’s gaming regulator has placed a moratorium on new casinos after orders from president Rodrigo Duterte last month.

PhilippinesWednesday, Jan 31, 2018

Philippine Charity Sweepstakes Office (PCSO) general manager Alexander Balutan claims he was offered a bribe in September 2016 to hand over full control of the nation’s Small Town Lottery (STL) operations.

PhilippinesMonday, Jan 29, 2018

Bloomberry Resorts Corporation has submitted a bid to purchase 16 hectares of land where Solaire Resort & Casino and its expansion area is located.

PhilippinesThursday, Jan 25, 2018

eBET, a live mobile casino supplier, has appointed Evan Spytma as CEO, responsible for leading the group’s strategic expansion.