PCSO eyes launch of new games this quarter
MANILA, Philippines — The Philippine Charity Sweepstakes Office (PCSO) is targeting to launch its new games this quarter to immediately generate much-needed revenue for the state coffers.
Royina Garma, PCSO general manager and vice chair of the board, said they have already secured the clearances from other government agencies, primarily the Office of the Government Corporate Counsel (OGCC) and the Department of Budget and Management (DBM), as it has issued the revised rules on the acceptance, evaluation and processing of new game proposals.
“That is my plan, to launch new games within this first quarter,” Garma told The STAR in an interview.
She said they are merely waiting for a final greenlight from the OGCC.
“I just hope that OGCC will render an opinion favorable to PCSO and that hopefully, before the quarter ends, so we can have a contract signing with our agents.”
The PCSO has been ramping up efforts to boost their revenue collections to allow it to fulfill its obligations to fund a substantial portion of the government’s flagship social health program, the universal health care (UHC) program.
The agency is tapping the private sector to help broaden its lineup of games and contribute more to the government’s revenue generation efforts.
In a published public notice, the PCSO said it has issued the revised rules and regulations on the acceptance, evaluation and processing of new game proposals that would attract private proponents to develop, start and operate the new games.
The state-run firm said it has formed a Gaming Evaluation Committee (GEC) to screen and approve new games from private proponents.
“Considering the limitations on PCSO’s budget and operation brought by the pandemic, it is necessary for PCSO to expand its gaming operation to augment its fund generation and reduce expense in procuring games,” it said.
“Thus, this rules and regulations was created to address demand for funds while maintaining at a reasonable level the operational expense of the agency,” the PCSO said.
Under the new guidelines, a new game proponent should be at least 60 percent Filipino-owned, must be a corporation registered with the Securities and Exchange Commission, and must have a minimum authorized capital stock of P50 million and minimum paid-up capital of P12.5 million.
The proponents are required to submit a letter of intent, a game proposal with their game design, mechanics, and marketing strategy; a feasibility study, a list of their draw courts location, letters patent and copyright of system or copyright of game, among others.
Garma earlier said they were in talks with private proponents for the launch of new lottery and digit games.
One such proposal is the Win-A-Billion lotto game with a guaranteed P1 billion jackpot, on a minimum P100 bet.
Another is the Birthday Panalo digit game that will offer a player a chance to win on his or her birthday in a year.
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