A P2.2 billion receivable from a Pogo licensee cannot be collected anymore as the firm left the country in the middle of the pandemic, the Pagcor admitted on Monday. | GabrielLaluINQ
“In fact I had an exit conference with COA about one month ago, and I had manifested to the supervisor of COA in Pagcor that there is no way we can collect that said P2.2 billion anymore because during my term po, kaagad naming pinuntahan at hinanap po lahat no’ng mga officers no’ng licensee na ‘yon, at lumabas nga po’y do’n sa aming imbestigasyon, sila po’y matapos magsara’y naka-alis na,” he added.
“‘Yon lang naman po ang naging problema sa mga receivables ng mga nakaraang overseas gaming licensees noon pong last administration,” he added.Tengco, however, assured that the license of the operator has been canceled and that a lookout order has been issued. According to COA, this is part of the P2.97 billion in Pagcor’s income should come from Pogos that were uncollected as of the end of 2021.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gatchalian chides Pagcor over inaction vs POGO scams, cites corruption as main reasonMANILA, Philippines — Senator Sherwin Gatchalian on Tuesday questioned why it took the Philippine Amusement and Gaming Corporation (Pagcor) four years to investigate the crimes committed at
Read more »
Senators blame Pagcor, CDC for Pogo abuses, scams in ClarkThe failure of concerned state agencies to keep a close watch on Pogos has allowed syndicates to use the online gaming establishments as “legal cover” for human trafficking and cybercrimes, senators said. | MRamosINQ /PDI
Read more »
Clark human trafficking aftermath: Pagcor penalizes POGO sub-licensingLicensees or service providers that allow other firms to use PAGCOR's license will be subject to a show-cause order and a fine of US$50,000.
Read more »
Pagcor orders shutdown of Las Piñas-based Pogo hubThe Pagcor has issued a cease and desist order against Pogo service provider Xinchuang Network Technology Inc. (formerly known as Hong Tai), effectively shutting down its operations in Las Piñas City. | dexcabalzaINQ /PDI
Read more »
PNP-ACG coordinates with Pagcor for plans to join Pogo inspectionsMANILA, Philippines — The Philippine National Police (PNP) - Anti-Cybercrime Unit (ACG) on Monday said that it is eyeing to join the Philippine Amusement and Gaming Corp. (Pagcor) in its
Read more »
PBBM, 'di nabanggit ang isyu sa POGO sa PAGCOR event | Frontline TonightFrontlineTonight | Sumakto sa anibersaryo ng Philippine Amusement and Gaming Corporation PAGCOR ang mga isyu tungkol sa Philippine Offshore Gaming Operator POGO. News5 | via camillesmnte
Read more »