Wednesday 18 July
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Aug 1, 2017 @ 8:40

PCSO stopped from bidding out new instant P5B Sweepstakes deal

 

The Philippine Charity Sweepstakes Office (PCSO) has been stopped from getting new players to snatch up its P10.9 billion contract to operate its “kaskas” onr instant Sweepstakes lottery game.

Presiding Judge Maximo M. de Leon of Makati City Regional Trial Court (RTC) Branch 143 issued a temporary restraining order (TRO) on July 24 against bidding the contract.
In spite of this, PCSO General Manager said the PCSO remained keen to bid out a new instant Sweepstakes deal. to

“As approved by the Board, there are a lot of changes that will be introduced to this particular instant lottery game. Definitely, part of this enhancement strategy is for new players to come in with better and more advantageous offer to the government,” he added.

De Leon issued the TRO in favor of Philippine Gaming and Management Corp. (PGMC) on the same day President Rodrigo Duterte asked during his State of the Nation Address (SONA) Supreme Court (SC) Chief Justice Lourdes Sereno for the courts to stop issuing TROs against priority government projects.

PGMC and rival Pacific Online System Corporation of broker Willy Ocier have separate seven-year contracts to sell instant Sweepstakes tickets but these have already expired – Pacific Online on Nov. 30, 2016; and PGMC on April this year.

PGMC had appealed to the PCSO for a four-month extension to allow them to sell all the remaining tickets.
According to Balutan, the extension was allowed as stipulated in the contract for the firm to sell all the tickets because “these tickets were already considered sold.

The remaining tickets – worth P750 million for Pacific Online and P250 million for PGMC – were printed abroad. PCSO said all costs for the production of tickets, shipment, customs, warehouse, distribution, among others, are at no cost to the PCSO which gets 7.5 percent of the total sales receipts

The new PCSO management intends to raise the volume of production to P5 billion in deemed sold ticket sales by the government through with a minimum profit share of 13 percent from the contractor. (PNA)

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