Connect with us

Latest News

PAGCOR celebrates proud achievements for the past 40 years

Published

on

pagcor-celebrates-proud-achievements-for-the-past-40-years
Reading Time: 3 minutes

 

The Philippine Amusement and Gaming Corporation (PAGCOR) proudly looked back on its past achievements when it celebrated its 40th year at the Marriott Hotel Manila on July 11, 2023.

PAGCOR commemorated its four decades of existence by featuring its accomplishments, particularly its huge contributions to nation building. The agency was created in 1983 by virtue of Presidential Decree 1869, also known as the PAGCOR Charter, issued by then President Ferdinand Marcos.

No less than President Ferdinand Romualdez Marcos, Jr. graced the event, which proudly highlighted PAGCOR’s successful role as one of the national government’s biggest revenue generator and a reliable partner in the promotion of various endeavors that benefit the Filipino people.

PAGCOR Chairman and CEO Alejandro H. Tengco remarked that for 40 years, the agency’s recorded total Contributions to Nation Building (CNB) amounted to around P607 billion, while its total dividends remittances since 2011 is now at P64 billion. This brings PAGCOR’s actual total contributions to P671 billion.

Chairman Tengco emphasized that after one year under the administration of President Marcos (from July 1, 2022 to June 30, 2023), PAGCOR’s total CNB amounted to P45 billion, which, by the end of the year, is projected to reach P70 billion.

The PAGCOR chief likewise announced that the agency has been tapped as a funding source of the Universal Health Care Act when it was passed into law in 2019. Under said law, 50 percent of its remittances to the National Treasury has been allocated to the Philippine Health Insurance Corporation (PhilHealth) to fund the Universal Health Care (UHC) of the Filipino people.

In terms of its recent contributions to infrastructure, PAGCOR partnered with Melco Resorts (Philippines) Foundation Corporation (MRPFC) – the charitable arm of the City of Dreams Manila in funding the construction and purchase of medical and non-medical equipment for the 51-bed and state-of-the-art Presidential Security Group (PSG) Station Hospital.

The state-run-gaming and regulatory firm, in partnership with the Bloomberry Foundation, also helped establish the OFW Hospital in Pampanga and donated P300 million worth of medical equipment to the said medical facility. PAGCOR also funded the rehabilitation of sports facilities utilized for the 30th Southeast Asian Games by donating P842.5 million to the Philippine Sports Commission (PSC). The agency likewise donated P350 million to the Southern Philippines Medical Center in Davao City for the procurement of various medical equipment.

Under the current administration, Chairman Tengco shared that PAGCOR will be channeling its resources to the promotion of education and health in the country. The agency will re-launch its School Building Project to help address classroom shortage in public schools nationwide. It will also build e-Libraries to provide learners from remote or depressed communities with an environment that is conducive for e-learning and online research.

Also in the pipeline are Socio-civic Centers and Community Wellness Centers to be built in different parts of the country. The agency will likewise be launching the “Bawat Buhay Mahalaga Serbisyo Caravan” – an all-encompassing endeavor focused on the distribution of educational, medical and financial assistance, among others, to various local government units and their citizens.

The agency will likewise be donating 250 units of Patient Transport Vehicles (PTV) to various local government units, in coordination with the Philippine Charity Sweepstakes Office (PCSO).

PAGCOR will also lead the establishment of the Clark Multi-Specialty Medical Center in Clark, Pampanga to cater to the medical needs of patients from Regions I, II, III and Metro Manila. It will consist, among others, of a heart center, kidney/cancer center and a children’s hospital. This project is intended to alleviate the plight of the Filipinos by bringing quality healthcare closer to people living outside Metro Manila.

The PAGCOR chief added that the agency’s significant socio-civic programs would not have been possible if not for the committed employees who have served as the agency’s strong pillars through the four decades.

Meanwhile, serving as the highlight of the event was the launch of the new logo, which represents the agency’s re-energized role as the main gaming regulator in the Philippines.

“The new PAGCOR logo incorporates the element of fire associated with energy, inspiration, passion, and transformation. It symbolizes the flame that ignites change and drives progress. The logo likewise reflects a beacon which symbolizes guidance, leadership, and direction. It represents a guiding light that helps people find their way,” Tengco added.

“All these taken together, our new logo reflects PAGCOR’s long standing commitment of being a guiding force that illuminates the way forward, drives transformation and development, and brings inspiration and motivation to the lives it touches,” Chairman Tengco furthered.

Compliance Updates

Merkur Group Strengthens Global Compliance Strategy

Published

on

merkur-group-strengthens-global-compliance-strategy

 

Under the theme “Perspectives,” a total of 43 compliance staff members from the Merkur Group across various countries gathered from 30 June to 1 July to further develop compliance processes in a sustainable manner. Colleagues from Germany, Spain, England, Malta, Australia and the US traveled to the two-day meeting at Benkhausen Castle, the in-house training centre of the Merkur Group. The workshop set the stage with expert presentations on global and digital topics such as cybersecurity, risk management and artificial intelligence. A panel discussion featuring representatives from various international companies within the Merkur Group, as well as a digital quiz, rounded out the programme.

In keeping with its guiding principle, the workshop focused on sharing experiences, fostering global networking and providing impetus for the further development of compliance processes. Because informal exchanges are also key to close cooperation, the evening programme created a relaxed atmosphere and gave participants the opportunity to continue their conversations, make new connections, and further strengthen team spirit across company and national boundaries.

“The ideas and diverse perspectives gained during the workshop will now be incorporated into our day-to-day work and help us to continuously improve collaboration and existing processes,” said Ludwig Beckmann, Chief Compliance Officer of the Merkur Group.

The concluding feedback session also highlighted just how valuable the international exchange is. The term “collaboration” came up particularly often, a clear indication of how highly the participants value working closely together within the international compliance network.

The post Merkur Group Strengthens Global Compliance Strategy appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Anne Marie Caulfield

GRAI Launches New Campaign Helping Parents to Spot the Signs of Underage Gambling

Published

on

grai-launches-new-campaign-helping-parents-to-spot-the-signs-of-underage-gambling

 

The Gambling Regulatory Authority of Ireland (GRAI) is encouraging parents and guardians to be alert to the signs of gambling among young people and to intervene early to prevent gambling harm.

The signs of gambling aren’t always visible, the GRAI in partnership with the Health Service Executive Addiction Services have developed dedicated advice on www.grai.ie to equip families with the knowledge to recognise the signs, advice on how to start the conversation with their children about gambling, and where to seek help if required.

To support the guidance, the GRAI has launched a national public awareness campaign across video on demand, radio, digital audio, and social media platforms, bringing this message directly to families across Ireland.

With the lines between entertainment and gambling increasingly blurred, especially online, what may look like harmless fun can still involve risk, money and chance in ways that affect young developing brains. Research commissioned by the GRAI and conducted by the Economic and Social Research Institute (ESRI) found that children who gamble are twice as likely to develop a gambling problem as adults.

Anne Marie Caulfield, CEO of the GRAI said: “We have launched this campaign to help parents start an important conversation about the risks of underage gambling. Children and young people are among the most at-risk members of Irish society when it comes to gambling exposure and harm. Children’s brains are still developing the judgement and impulse-control systems used to weigh up risk, which makes gambling appealing to them.

“With online gambling available at any time of the day, it is easy for the warning signs to be hidden. The guidance the GRAI developed with the HSE Addiction Services sets out some of the key behavioural signs to look out for in your child.”

The post GRAI Launches New Campaign Helping Parents to Spot the Signs of Underage Gambling appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Amusnet

Amusnet Launches VIP LIVE Roulette, Bringing a Refined Experience to Live Casino Players

Published

on

amusnet-launches-vip-live-roulette,-bringing-a-refined-experience-to-live-casino-players

 

Amusnet has launched VIP LIVE Roulette, a new addition to its Live Casino portfolio, offering a premium European roulette experience designed for players who prefer higher stakes, greater comfort and a sophisticated gaming environment.

Created for those who appreciate a more considered approach to live roulette, VIP LIVE Roulette combines elegant studio production with elevated table limits and an extended betting window. The additional betting time allows players to place larger, more strategic wagers at a comfortable pace, creating a smoother and more engaging experience without changing the familiar flow of the game.

Built on the classic European roulette format, the game enhances traditional gameplay with a range of intuitive features that support both convenience and strategic play. Players can personalise their sessions using Favourite & Special Bets, quickly repeat previous wagers with Auto-Rebet and follow live Statistics to inform their decisions throughout the game.

Set in a dedicated VIP studio, the game delivers a polished live presentation with professional dealers, high-definition streaming and a clean, modern environment that recreates the atmosphere of an exclusive casino floor. Every element has been designed to combine the authenticity of live roulette with the expectations of today’s premium player segment.

VIP LIVE Roulette joins Amusnet’s growing Live Casino portfolio, further strengthening the company’s offering with a title that balances timeless gameplay with contemporary player preferences. As operators continue to expand their live casino proposition, the game provides an opportunity to appeal to high-value audiences looking for an elevated roulette experience that combines premium presentation, seamless gameplay and greater flexibility at the table.

History Re-bet feature

Pick again the lucky numbers for the last spins.

Favourite Bets

This function allows players to save their personally tailored bets or bet combinations for quick access during gameplay.

Game Statistics

Make the strategy with statistics for the last spins.

Jackpot Cards

Once the Jackpot Cards Bonus game is triggered, impressive Jackpots are revealed.

The post Amusnet Launches VIP LIVE Roulette, Bringing a Refined Experience to Live Casino Players appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania