Stories tagged
‘pagcor’

Sidebar

P6B of gov’t, utility ads in ’09

THE GOVERNMENT seems to want your ear really, really bad that in 2009 alone, its agencies, along with various public utilities, placed tri-media ads totalling P6.34 billion in ad value.

This amount, as recorded by Nielsen Media, was composed of 771.03 hours of TV ads worth P3.84 billion in ad value, over 2,604 hours of radio ads worth P2.08 million, and 7,674 print ads worth P426.19 million.

Sidebar

Safe bet or big gamble?

SOON AFTER she took power in January 2001, President Gloria Macapagal Arroyo gave her imprimatur for the Philippine Amusement and Gaming Corporation’s (Pagcor) showcase project that she had wanted to christen “Bagong Nayong Pilipino Integrated Tourism City.”

A little more than six years later, Pagcor unveiled its plan for what is now called the “Tourism City” project along Manila Bay.

The Pagcor money machine: Who spends what, and how?

GLORIA MACAPAGAL Arroyo will go down in Philippine history as the president who made gambling the third biggest source of government revenues, after taxes and customs duties.

Under her watch over the last seven years, the Philippine Amusement and Gaming Corp. (Pagcor) has grown into a humongous money — and power — machine. Until now the monopolistic state gambling agency, Pagcor’s gross revenues of P13 billion in 2001 more than doubled to P26.83 billion in 2007, or an average annual growth of 18 percent.

Meet the Packers

THE MAN behind Bloombury Investment Ltd.’s supposed foreign partner has in recent months launched aggressive moves to expand his inherited multibillion-dollar gaming and media empire.

But he has done so at a time when his rank on the lists of Australia’s richest billionaires lists has been sliding steadily.

Arroyo allies linked to ‘Garci’ behind mystery firm in Pagcor ‘Tourism City’

A COMPANY that has neither track record in the gaming business nor proven financial capability to back up a multibillion-peso enterprise is poised to become the newest investor in the ambitious “Tourism City” project of the Philippine Amusement and Gaming Corporation (Pagcor).

But what Bloombury Investments Ltd. lacks in these top two criteria for investors in the Pagcor project, it more than makes up for in terms of political connections, based on records of the state-run corporation itself, as well as information from those privy to the deals.

Virgilio Garcillano

Master Operator

VIRGILIO Garcillano will go down in history as the election official whose wiretapped conversations mortally wounded a president. He disappeared from public view in the second week of June, as the controversy over the wiretaps heated up, and many may have a hard time recalling what he looks like. Yet his raspy voice, distinctive lisp, and thick Visayan accent are now embedded in the audio memory of millions of Filipinos who have listened to the “Garci” tapes.