The Philippine Amusement and Gaming Corporation (PAGCOR) has terminated its contract with a third-party auditor tasked with auditing Philippine Offshore Gaming Operators (POGOs) for alleged “unlawful acts” following a review of their deal.
The Philippine Amusement and Gaming Corporation has terminated its contract with a third-party auditor tasked with auditing Philippine Offshore Gaming Operators for alleged “unlawful acts” following a review of their deal.
To recall, during a Senate hearing in January, Senator Sherwin Gatchalian said that PAGCOR may have been duped by Global ComRCI, claiming that the third-party auditor had been awarded the contract based on a "spurious" bank certificate. GMA News Online has reached out to Global ComRCI through its available email address. No response yet has been received as of this posting.
“No payment has been made by PAGCOR in the past four years due to the shortfall from the minimum revenue stipulated in the contract,” it added.
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