Final Paper in PA 231 General public Fiscal Operations
Glenne B. Lagura
Gambling || Gambling (Philippine Enjoyment and Game playing Corporation - PAGCor)
Submitted to: DOCTOR ANTONIO M. FAUNILLIAN JR., MPA Trainer
Submitted by simply: Glenne W. Lagura
UNIVERSITY OF SOUTHEASTERN PHILIPPINES BO. OBRERO, DAVAO CITY College of Governance and Organization Master of Public Supervision
April twelve, 2012
Glenne N. Lagura
Outline: I. Launch a) b) c) d) Background of PAGCor Panel of Administrators Management PAGCor's Operational Shows пѓј Sources of PAGCor's salary пѓј PAGCor's earnings пѓј PAGCor's contribution to country building
Discussion a) Where does PAGCor's profits go? b) Corporate Cultural Responsibilities of PAGCor
Analyses a) Interpersonal Problems b) Reduce Revenue? c) PAGCor: Problems and Challenges пѓј Illegal becomes Legal пѓј Aware or perhaps Unaware? or perhaps Aware to get Unaware? пѓј Institutional Problems d) Anomalies пѓј RegulateвЂ¦ AuthorizeвЂ¦ OBSERVED! пѓј Is definitely gambling a cursed? e) Corruptions f) Recent Problems
Conceivable Solutions and Recommendations a) b) c) d) e) Maintain the Circumstances; PAGCOR to concentrate on its regulating function; Privatization; Abolish and close PAGCOR; and Developed solutions by a study.
Sixth is v. VI.
Bottom line References
A. Background of PAGCor
The part and effects of Government-Owned and Control Corporation (GOCC) on the fiscal position from the government plus the economy remain significant to this day. Despite reforms undertaken during the past, according to the Commission on Examine, there remain around one hundred thirty 3 GOCCs operating in the areas of agriculture, travel, infrastructure, general public utilities, supply of housing, industrial expansion and financial. The depressing performance of many of these organizations has written for the monetary deficits in the public sector. As identified under PD 2029, GOCC is " a stock or a non-stock firm, whether carrying out governmental or proprietary features, which is directly chartered simply by special rules or, in the event organized beneath the general corporation law, is usually owned or perhaps controlled by the govt directly or indirectly through a parent corporation or subsidiary corporation, the extent of at least a majority of the outstanding capital stock or of the outstanding voting capital share. вЂќ Filipino Amusement and Gaming Organization (PAGCor) can be described as 100 percent government-owned and managed corporation. It was established to manage all game titles of chance in the country. It was created in 1977 to oversee the operation of gaming casinos, to generate cash for the government's developing projects, to advertise tourism in the country, and to help curb illegitimate gambling. PAGCor had an initial authorized capital stock of P5 million which was later on increased to P200 , 000, 000. PAGCor is authorized to borrow money by local or foreign sources. Half of PAGCor's earnings will be remitted to the Bureau in the Treasury (BOT) to be used in programs and projects since directed and authorized by the Office from the President of the Philippines. This is certainly aside from the mandated beneficiaries which in turn receive funding from PAGCor. Its leftover funds form part of the Sociable Fund to finance infrastructure and/or socio-civic projects. The organization was created throughout the Martial Legislation years due to a President Decree (PD 1067-A) in response to demands the Philippine Government to set a stop for the growing growth of unlawful casino operations in various regions then. The law creating PAGCor was after amended and consolidated by PD 1896 otherwise known as the PAGCor Rental. Under this Charter, PAGCOR is mandated to: п‚· Regulate, allow and permit games of chance, online games of playing cards and online games of numbers, particularly casino gaming in the Philippines; п‚· Generate revenues for the Philippine Government's socio-civic and national development programs; and п‚· Help promote the...
References: Newspaper/ Published Periodicals: Burning House Infested with Rats can be not Proper Solution to Difficulty. Philippine Daily Inquirer ( January 18, 2012). Gathered March you, 2012 coming from http://opinion.inquirer.net/21183/burning-house-infested-withrats-is-not-right-solution-to-problem Cabacungan, G. (2012, February 28). Lawmakers rally round PAGcor, move to ban Wynn. Philippine Daily Inquirer. Retrieved 03 03, 2012 from http://globalnation.inquirer.net/26911/lawmakers-rally-round-pagcormove-to-ban-wynn Calica, A. (2011, Come july 1st 09). Building No need to get rid of PCSO, PAGCOR, The Filipino Star. Recovered March 15, 2012 from http://www.philstar.com Cueto, F (2007, February 25). Gambling is Life. Gathered March 13, 2012 coming from http://www.skyscrapercity.com/showthread.php?t=647381 Delete Rosario, A. (2011, 12 , 10). Can be PAGCor a betting against the law Gambling?. Manila Standard Today Newspaper. Gathered February of sixteen, 2012 coming from http://www.manilastandardtoday.com/insideOpinion.htm?f=2011/dece mber/10/andydelrosario. isx& d=2011/december/10 Diaz, M (2011, Come july 1st 27. Congress seek probe of PAGCor Anomalies. The Philippine Star. Retrieved Mar 20, 2012 from http://www.philstar.com Lagarde, L. The Scourge of Legalized Gambling. Recovered March doze, 2012 coming from http://www.impactmagazine.net/v39v09/coverstory.htm PCSO, PAGCOR Pig should go to National Budget: Recto. abscbnNEWS. com(2011). Gathered March twelve, 2012 from http://www.abscbnnews.com/nation/07/13/11/pcso-pagcor-pork-should-go-natlbudget-recto Privatized PAGcor to bring in more revenues for gov't. abscbnNEWS. com(2011). Retrieved 03 10, 2012 from http://www.abscbnnews.com/ nation/08/16/10/privatized-pagcor-bring-morerevenues-govt Porcalla, D. (2012, March 05). Palace Distancing Roles needs further Research. The Filipino Star. Gathered March your five, 2012 from http://www.philstar.com
PDF FORMAT Files:
A Profile of Selected GOCCs. pdf PAGCOR Annual Record 2010. pdf Presidential Decree No . 1602. pdf
Thesis: Villanueva, C (2008). The Philippine Entertainment and Game playing corporation (PAGCOR) as Govt Regulatorand Agent of Legalized Gambling: Is actually Implications to get national Security. Retrieved March 15, 2012 from http://www.ndcp.edu.ph/library/thesislist.php?start=1661
Glenne B. Lagura