Pagcor to give half of bingo proceeds to LGUs, NGOs

Quick Summary:

LOCAL government units (LGUs) and non-government organizations (NGOs) can earn up to 50 percent of proceeds from bingo events conducted by the Philippine Amusement and Gaming Corp.(Pagcor).

Beneficiaries may receive P48,000 while Pagcor will have a share of P72,000 from the P120,000 in gross sales.

According to the Pagcor, the “Community Bingo” was established to accommodate requests of various socio-civic groups for financial assistance to fund their projects.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Events Bingo Ticket Lgus Pagcor Organizations Ngos Ocampo Proceeds Packages Pagcor’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 16:07:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22665114

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