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Pacific Online, PCSO venture into online gaming

Published Aug 30, 2023 07:45 am

The partnership between lottery firm Pacific Online Systems Corporation and Philippine Charity Sweepstakes Office (PCSO) is venturing into online gaming as more and more bettors now prefer to go digital.

Pacific Online said in a disclosure to the Philippine Stock Exchange that it has signed a Memorandum of Agreement (MOA) with the PCSO in connection with the PCSO's implementation of a one-year trial run for a Web-Based Application Betting Platform (WABP). 

PCSO Lotto MB (1).jpg

Through the WABP, the PCSO aims to develop and promote more marketable, adaptable, resilient, and trendy betting platforms, taking into account the evolution of the gaming market and the advancements in technology.

The MOA will cover a trial period for the WABP of one year, subject to renewal, during which Pacific Online will be acting as PCSO's exclusive agent and generating gross revenues equivalent to 14 percent of PCSO's gross sales generated using the WABP.

Pacific Online, a subsidiary of the SM Group’s Belle Corporation, is engaged in the development and management of online computer systems, terminals, and software for the Philippine lottery industry.

The firm provides technical and market expertise for the distribution of lottery products in the country in partnership with the state-run PCSO. 
Since 1995, Pacific Online has been leasing to PCSO its online lottery systems for the Visayas and Mindanao regions. 

The company likewise provides the technical support to the PCSO through a maintenance repair agreement, which is co-terminus with its equipment lease agreement.

Pacific Online’s direct subsidiaries include Loto Pacific Leisure Corporation which acquires, owns, leases, sells, operates, and manages amusement, recreational, and gaming equipment facilities; and Total Gaming Technologies Inc., which leased Keno lottery system and equipment to PCSO nationwide until 2022.
 

Related Tags

Belle Corporation Philippine Charity Sweepstakes Office Pacific Online Systems Corporation
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