• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Pagcor earmarks US$42mln for building evacuation centres

Nov 24, 2020 Newsdesk Latest News, Philippines, Top of the deck  


Pagcor earmarks US$42mln for building evacuation centres

Casino regulator-cum-operator the Philippine Amusement and Gaming Corp (Pagcor) says it has allocated PHP2 billion (US$41.5 million) for the construction of multipurpose evacuation centres (pictured in an artist’s rendering) in some of the country’s typhoon-prone provinces.

Pagcor has initially approved 32 evacuation centres to be constructed in 31 sites across the nation, it said in a Monday press release.

Andrea Domingo, Pagcor’s chairman and chief executive, said in the release that the gaming regulator would allocate the amount “despite” the body’s “significant revenue losses due to the suspension of gaming operations and strict community quarantine measures” implemented nationally to stem the further spread of the Covid-19 pandemic.

“The Filipinos have suffered a lot this year – from the global pandemic to a series of destructive typhoons. Hence, despite our revenue losses, we have committed to provide a long-term solution to the most vulnerable sectors and communities,” Ms Domingo said as quoted in the release.

An extensive lockdown for Metro Manila, including for its large-scale casino resorts in Entertainment City, was first announced in mid-March as part of Covid-19 countermeasures, and was subsequently extended in increments although the terms were relaxed somewhat. Since June, casino firms in the capital city have been allowed to resume gaming operations at limited capacity.

A series of typhoons recently hit the Philippines, causing dozens of deaths and leaving approximately 1 million people displaced.

According to Ms Domingo, while thousands of locals are evacuated whenever there is a disaster, some local government units “do not have enough evacuation centres.”

“We want to fill in that gap. Our multipurpose evacuation centres will be designed to withstand strong typhoons so that evacuees will feel safe and comfortable while they are away from their homes,” she added.

Once all details of the project are finalised, Pagcor said it would directly turn over the funding to the beneficiary local government units to set up the respective evacuation centres. The gaming regulator said it will adopt three schemes of donation depending on the site, and the need of each specific province.

In October, Pagcor reported income from gaming operations of approximately PHP22.33 billion in the first nine months of 2020, down 60.0 percent from a year earlier. The body posted net income of nearly PHP132.7 million for the period, compared with PHP4.97 billion a year earlier.


  • tweet
Related articles
  • TCS John Huxley installs Blaze products at Okada Manila
    TCS John Huxley installs Blaze...

    Jan 26, 2021  

  • Hoiana official opening scheduled for 2H 2021: UBS
    Hoiana official opening scheduled for...

    Jan 25, 2021  

More news
  • LT Game says 1Q Macau launch for its Jackpot Series
    LT Game says 1Q Macau launch for its...

    Jan 27, 2021  

  • Macau’s licensed junket tally down to 85: govt
    Macau’s licensed junket tally...

    Jan 27, 2021  


Latest News

LT Game says 1Q Macau launch for its Jackpot Series

LT Game says 1Q Macau launch for its Jackpot Series

Jan 27, 2021  

LT Game Ltd, a Macau-based provider of electronic gaming equipment and management technology for casinos, says it has been granted approval by the Macau gaming regulator for the firm’s new...
Read More
Macau’s licensed junket tally down to 85: govt

Macau’s licensed junket tally down to 85: govt

Jan 27, 2021  

Everi repricing debt, says 4Q results show improvement

Everi repricing debt, says 4Q results show improvement

Jan 27, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"We will continue supporting our people and the local communities in which we operate, reinvesting in our current markets, producing strong returns for our shareholders and aggressively pursuing new development opportunities"

Patrick Dumont

President and chief operating officer of Las Vegas Sands



Most Popular

  • Macau Covid-19 case no bar to mainland travel tiesMacau Covid-19 case no bar to mainland travel ties January 22, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Yokohama announces RFP timeline for casino bidYokohama announces RFP timeline for casino bid January 22, 2021
  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us