Philippine gaming regulator PAGCOR said Monday it has committed Php50 million (US$860,000) to the National Bureau of Investigation (NBI) to help strengthen its operations against illegal gaming, including banned POGOs.
In a statement, PAGCOR revealed that it signed a Memorandum of Agreement under which an initial Php25 million (US$430,000) was immediately turned over to the NBI, representing the first tranche of the assistance.
PAGCOR Chairman and CEO Alejandro H. Tengco said the partnership with the NBI underscores the regulator’s mission not only to regulate gaming and generate revenues for nation-building but also protect the integrity of the industry.
“This morning, we are signing a Memorandum of Agreement that underscores the shared responsibility of PAGCOR and the NBI in promoting lawful, fair and responsible gaming in the Philippines,” he said at a ceremony held at PAGCOR’s Pasay City office.
“This assistance will defray the cost of food and expenses for POGO detainees, as well as support the Bureau’s legitimate operations against illegal gaming activities.
“Illegal gambling operators undermine our laws, exploit our people and put our communities at risk. By working hand in hand with the NBI, we are sending a strong message that we will not allow unlawful gaming practices to persist.”
NBI Director Jaime Santiago added, “The NBI welcomes PAGCOR’s assistance as it will enable us to step up our operations against illegal POGOs and other unlawful gaming activities. This partnership affirms our shared duty to uphold the law and protect the Filipino people.”
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