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PAGCOR and PCSO push for tax reduction on casino and lotto winnings
The Philippine Amusement and Gaming Corporation (PAGCOR) and the Philippine Charity Sweepstakes Office (PCSO) are pushing for a tax reduction on winnings under a new act.
PCSO needs a full-blown audit to clear cheating allegations: Mathematician
Recent results of PCSO lottery draws in the Philippines have raised questions about fairness but a local mathematician says only an audit can clear cheating claims.
PCSO being questioned over lottery winner photo editing incident
The Philippine Charity Sweepstakes (PCSO) Office has admitted editing the image of a lottery winner resulting in a call for general manager Mel Robles to resign.
PCSO gives out $25M, smashes records in historic Lotto week
The Philippines Charity Sweepstakes gave out over $25 million in prizes in just two days, smashing records.
PAGCOR & PCSO formalize fund allocations for Universal Health Care
The Philippine Amusement and Gaming Corporation (PAGCOR) and the Philippine Charity Sweepstakes Office (PCSO) formally signed on May 30, 2022, a joint circular operationalizing their respective fund allocations for Universal Health Care (UHC).
PCSO misses revenue target in 2Q21 by P3.3 billion
Felix Ng -
Philippine Charity Sweepstake Office (PCSO) said it missed its 2Q21 revenue target, generating only P8.3 billion (US$163.8 million) from April to May instead of the P11.6 billion budgeted.
Belle Corp revenue reaches $98.6M in 2023, boosted by gaming unitsÂ
Belle Corp’s consolidated revenues improved by 3 percent to $98.6 million in 2023 from the $95.4 million recorded in 2022. These were driven mainly by other gaming-related revenues.
PAGCOR to reduce online gaming operator fees to 35% in March
Philippine operator-regulator Philippine Amusement and Gaming Corporation (PAGCOR) will reduce the fees charged to online gaming providers to 35 percent in March., Chairman Alejandro H. Tengco, confirmed in an interview during ICE London.
Daily Asia Gaming eBrief: Philippines winnings tax reduction is contradictory
A proposal to lower the taxation rate on personal winnings from the lottery or in the casino in the Philippines could fall far short of its goal of helping the disadvantaged. Ben Lee points out how lotteries are commonly known as "a regressive form of tax on the poor", and that the new measures proposed could effectively be "robbing the poor to give to the rich"
Under the Scope: Philippines reducing taxes on winners doesn’t help the poor
The proposal by the Philippines to reduce the amount of tax applied to winning casino patrons and lottery winners could have the contrary effect of that purported by the government – of improving the situation for low-income citizens.
