FORMER Pampanga representative Joseller “Yeng” Guiao estimates that the Philippine Sports Commission (PSC) could receive as much as P25 billion in arrears if the Philippine Amusement and Gaming Corp. (PAGCOR) heeds a Supreme Court decision to remit miscalculated funds for the government sports agency.
FORMER Pampanga representative Joseller “Yeng” Guiao estimates that the Philippine Sports Commission could receive as much as P25 billion in arrears if the Philippine Amusement and Gaming Corp. heeds a Supreme Court decision to remit miscalculated funds for the government sports agency.
But that remains ambitious at the moment, despite the Court having banged the gavel on how much shares the PSC should get—and should have gotten—from 1993, three years after the sports agency was legally established. Guiao is credited for having petitioned the Supreme Court to favor on the PSC’s 5 percent share from the net incole from the government casinos, instead of the 2.5 percent from gross the sports agency has been receiving from PAGCOR for three decades.
The Supreme Court order also sided with Guiao’s petition for the PSC to receive 30 percent of the charity fund of sweepstakes and lottery draw of the Philippine Charity Sweepstakes Office from 2006 onwards.
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