Not even PNoy, with his emphasis on good governance, managed to correct this glaring irregularity. Politicians and influential cronies of post-EDSA presidents have benefited greatly – and still do – from the arrangement, weakening any political will to make things right.
Then again, we seem comfortable with a situation like this. Apparently, our bureaucracy and our dynastic politicians are oblivious to conflicts of interest.
Surprisingly, the BBM administration is determined to privatize PAGCOR, according to its chairman, businessman Al Tengco. He said BBM recognized the transparency and governance issues with PAGCOR as both the regulator and operator of casinos. The sale of PAGCOR's casinos is expected to generate no less than P80 billion. Thereafter, PAGCOR will collect licensing and other fees.
Privatizing PAGCOR involves selling all 43 casinos it manages to the private sector. After that happens, PAGCOR will become a purely regulatory body with no conflict of interest. This will also enable PAGCOR to focus more on the proper regulation of the gaming industry, helping to ensure criminal elements are weeded out.
Casino Filipino was and still is not a significant contributor to PAGCOR's revenues that would prevent privatization. From January to September, PAGCOR recorded a total of P299.83 billion in GGR (gross gaming revenues) for the Philippine gaming industry (including offshore gaming). PAGCOR-operated casinos generated P12.53 billion or just 4.18 percent of industry GGR.
Denne historien er fra October 28, 2024-utgaven av The Philippine Star.
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Denne historien er fra October 28, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
YES, WE CAN BEAT CERVICAL CANCER!
The statistics are alarming. Every two minutes, a woman dies of cervical cancer in countries where access to public health, services and awareness remain a challenge.
Mano po. Ninong, mano po. Ninang
Christmas is in the air. It has been that way since September, and some would say even earlier.
STUBBORN ITCHING
Everyone experiences itchy skin at some point, but when the itch persists, it can become frustrating and overwhelming.
CONFESSIONS OF AN IFBB BIKINI PRO
Last month, Musclecontest Philippines held its National and Pro-League qualifier at Novotel Manila in Araneta City. Two Filipina athletes earned their IFBB Pro Cards: Katherine Hartvigsen in Wellness and Sheen Marie Torres in Women's Bikini.
Design tips for all spaces
While a designer's personal taste is often evident in homes he designs for his clients, Francis \"Nix\" Alañon makes sure it isn't so in his case. He interviews his clients, making sure that their personal tastes are reflected in their homes.
Woman of Taste
She is a walking mannequin of Philippine fashion—not just of haute couture but also of popular wear. The world is her catwalk, and on it she displays the artistry of Filipino designers and artists.
RJ Jacinto, Jose Mari Chan bring Christmas cheer
Street singers or buskers were given an unexpected boost when RJ Jacinto and Jose Mari Chan dropped in and jammed with popular busker, Eloisa, at the Uptown Mall Parade in BGC.
Alamat to showcase respective hometowns in 'Ragasa' concert
Apart from showcasing their musicality at their second solo concert on Dec. 6 at the New Frontier Theater, the members of the P-pop boy group Alamat will also promote their respective hometowns at their forthcoming gig.
MMFF 2024: CRISANTO AQUINO SHARES INSPIRATION BEHIND FRANSETH'S BIG-SCREEN DEBUT
Director Crisanto Aquino was not surprised when a number of netizens compared the resemblance of his romantic film, \"My Future You,\" to similar romantic stories in the past, particularly the Japanese animated fantasy film, \"Your Name.\"
What to stream: Sabrina Carpenter holiday special, 'Beetlejuice Beetlejuice', and Rosé goes solo
Sabrina Carpenter hosting a holiday variety music special on Netflix and Keira Knightley and Ben Whishaw playing a spy and an assassin in the TV series \"Black Doves\" are some of the new television, films, music and games headed to a device near you.
