According to financial records, Philippine sports has been one of the top beneficiaries of revenue received from the Philippine Amusement and Gaming Corporation (PAGCOR).
Last month the government agency increased its monthly contribution to the Philippine Sports Commission (PSC). PAGCOR President Andrea Domingo told the Philippine Sportswriters Association that PAGCOR has been averaging P140 – P145 million in monthly contributions to the PSC since she took office. She also stated that last month they gave the PSC P159 million ahead of the upcoming SEA Games.
PAGCOR President Domingo went on to tell the forum at the Amelie Hotel in Manila that since she has assumed the role of President for PAGCOR her agency has donated over P4 billion in funds for the Philippine Sports Commission.
Domingo says that some of the PAGCOR contributions support Philippine athletes who have won international tournaments. Other funds are allocated for training and pensions for athletes and coaches.
Domingo also stated that PAGCOR will also sometimes extend support to the National Sports Association (NSA). The National Sports Association will then use some of the funds from PAGCOR to help assist athletes and coaches in other sports such as wrestling, bowling, chess, and taekwondo.
With regional and national sporting events coming up in the near future the Philippine government is hoping to stir up some interest in these sporting events.
The Southeast Asia Games will take place in the Philippines November 30th through December 11th, 2019. The games will feature athletes from 11 different Asian countries with a total of almost 10k athletes expected to compete.
