By Jhon Casinas
The Philippine Charity Sweepstakes Office (PCSO) said that at least 19 Small Town Lottery (STL) Authorized Agent Corporations (AACs) have already complied with the conditions set for them to continue with their operations.
Philippine Charity Sweepstakes Office (PCSO) (PNA)
Compliant AACs may resume their operations as soon as the revised Implementing Rules and Regulations (IRR) of STL are approved by President Duterte, PCSO general manager Royina Garma told reporters in a press briefing on Thursday afternoon.
The revised IRR, she said, was already submitted to the Office of President. She expects that it will be signed when the President returns from his five-day official visit in China.
Royina Garma said the 19 AACs have already complied with the conditions set.
She also revealed that over P1 billion was collected from compliant AACs as their cash bond equivalent to three months of the PCSO's share in the Guaranteed Minimum Monthly Retail Receipts (GMMRR).
“We were able to collect P1,044,031,266.28 from AACs as payment of their advance ... for them to operate in the future,” Garma said.
The PCSO, she said, also collected over P23 million from AACs that have shortfall payments to the PCSO.
Garma announced last week that President Duterte has already lifted the suspension of STL operations nationwide, but AACs must comply with conditions set to be able to continue operating.
Among the conditions set for the resumption of STL operations are that AACs would deposit to the PCSO a cash bond equivalent to three months of the PCSO’s share in the GMMRR, aside from their existing cash bond.
AACs were also ordered to execute a written undertaking that it will comply with its obligations under its STL agreement.
Moreover, the STL agreement between AACs and PCSO will be automatically terminated once the conditions of their franchise were not followed.
Garma said the PCSO will set a deadline for noncompliant AACs, adding that delinquent AACs will be notified of their termination and will open their area to new AAC applicants.
Meanwhile, Garma said that all STL agents operating right now are illegal in the absence of the revised IRR.
“I sent a letter to chief PNP informing him na wala pa pong STL agents natin na nabigyan ng authority to operate again,” Garma said.
“So, kung meron mang nag-ooperate ngayon, ibig sabihin po illegal lahat ‘yun at pwede pong hulihin ‘yun ng mga pulis,” she added.
Philippine Charity Sweepstakes Office (PCSO) (PNA)
Compliant AACs may resume their operations as soon as the revised Implementing Rules and Regulations (IRR) of STL are approved by President Duterte, PCSO general manager Royina Garma told reporters in a press briefing on Thursday afternoon.
The revised IRR, she said, was already submitted to the Office of President. She expects that it will be signed when the President returns from his five-day official visit in China.
Royina Garma said the 19 AACs have already complied with the conditions set.
She also revealed that over P1 billion was collected from compliant AACs as their cash bond equivalent to three months of the PCSO's share in the Guaranteed Minimum Monthly Retail Receipts (GMMRR).
“We were able to collect P1,044,031,266.28 from AACs as payment of their advance ... for them to operate in the future,” Garma said.
The PCSO, she said, also collected over P23 million from AACs that have shortfall payments to the PCSO.
Garma announced last week that President Duterte has already lifted the suspension of STL operations nationwide, but AACs must comply with conditions set to be able to continue operating.
Among the conditions set for the resumption of STL operations are that AACs would deposit to the PCSO a cash bond equivalent to three months of the PCSO’s share in the GMMRR, aside from their existing cash bond.
AACs were also ordered to execute a written undertaking that it will comply with its obligations under its STL agreement.
Moreover, the STL agreement between AACs and PCSO will be automatically terminated once the conditions of their franchise were not followed.
Garma said the PCSO will set a deadline for noncompliant AACs, adding that delinquent AACs will be notified of their termination and will open their area to new AAC applicants.
Meanwhile, Garma said that all STL agents operating right now are illegal in the absence of the revised IRR.
“I sent a letter to chief PNP informing him na wala pa pong STL agents natin na nabigyan ng authority to operate again,” Garma said.
“So, kung meron mang nag-ooperate ngayon, ibig sabihin po illegal lahat ‘yun at pwede pong hulihin ‘yun ng mga pulis,” she added.