For 2011, the PCSO has announced generating over P30.0 billion in revenues mainly from its lotto operations nationwide. Historically, the Luzon lotto operations contribute about two-thirds (2/3) of PCSO's lotto revenues, while Visayas and Mindanao contribute the remainder.
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Pacific Online Systems Corporation agreement with Philippine Charity Sweepstakes Office (PCSO) regarding lease rate of lottery equipements
Pursuant to an agreement entered into by the Pacific Online Systems Corporation (LOTO) with the Philippine Charity Sweepstakes Office (PCSO), the lease rate of the LOTO's online lottery equipment used by the PCSO for its lotto operations in Visayas and Mindanao will be reduced from Ten Percent (10.0%) of gross sales to Nine and Eighty-Five Hundredth Percent (9.85). The Fifteenth-Hundredth Percent (0.15%) reduction represents the cost of maintenance of the lottery equipment subject of the lease which the LOTO has agreed to shoulder in consideration of its long-standing relationship with the PCSO.
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If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website. "Pacific Online Systems Corporation agreement with Philippine Charity Sweepstakes Office (PCSO) regarding lease rate of lottery equipements" was written by Mary under the Business category. It has been read 1920 times and generated 0 comments. The article was created on 01 June 2012 and updated on 01 June 2012. |
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