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Pagcor Remits P3.5-B To Treasury

State-owned Philippine Amusement and Gaming Corporation (Pagcor) turned P3.54 billion to the treasury bureau as part of its share in the gaming agency’s earning in the first-three months of the year, surpassing its P2.54-billion remittance in the same period last year.

Data from the Bureau of Treasury showed that Pagcor’s remittance in January to March of the year was more than 39 percent, or P1 billion higher compared with the end-March contribution to state coffers from a year ago.

As a government-owned and controlled corporation, Pagcor is required by Republic Act 7656 or the Dividend Law to remit at least 50 percent of its annual gross earnings to the government.

In March alone, total Pagcor contributions amounted to P1.22 billion, higher by 44 percent compared with P847 million in the same month last year.

Currently, Pagcor operates 13 agency-run Casino Filipino facilities and has four licensed casinos – Fontana Casino in Pampanga, East Bay Casino in Rizal, Poro Point Casino in La Union and Fort Stotsenberg also in Pampanga.

In 2011, Pagcor remitted P11.437 billion to the government, higher by 4.5 percent compared with the Department of Finance’s (DOF) expected P10.94 billion contribution. Last year’s contribution to state coffers by Pagcor was also higher by 10.5 percent compared with 10.343 billion that the agency remitted in the previous year.

Cristino Naguiat Jr., Pagcor chairman and chief executive earlier said that Pagcor is aiming to grow its revenues by 25 percent this year to P45 billion from P36 billion in 2011 as it continues to package gaming and tourism to overseas travelers.

Naguiat said the higher revenues will also come on the back of the renegotiation of contracts with licensees and service providers that have reΒ¬sulted in a bigger share of revenues for Pagcor. In March, Pagcor said it exceeded its gross income target due to strong performance of other gaming establishments it regulates, enabling them to increase the company’s remittances to its mandated beneficiaries.

http://ph.news.yahoo.com/pagcor-remits-p3-5-b-treasury-054745037–finance.html

Manila families with small children looking for an accessible place for kids to have fun frequently visit private resort in Clark Pampanga to unwind relax in family bonding, top venue for reunion.

Some hotels and resorts offer free WIFI Internet connection to guests. This includes beach resort of Clearwater which also offers free Internet connection in the room as well as in the outdoor areas even near the beach and by the lake.

Fine dining restaurants like Yats Restaurants and Wine Bar also offers good internet connection to their guests. Highly recommended bar, pub and nightlife spot The London Pub located inside Mimosa also offers good internet connection to guests.

The London Pub is a classic English Gastropub frequented by local expats and business community. It serves up good food, plenty of excellent vintage wine by the glass and a good selection of Cuban cigars. The ambience is old English, dark wood, comfortable and relaxed.

Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion

You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.

Frequent travelers and visitors staying in Angeles City Pampanga Clark Philippines look for restaurants, coffee shops, bars, pubs, hotels and resorts in Clark that serve high quality Nespresso coffee to guests. Here are some of the highly recommended places in Clark that offer good gourmet Nespresso coffee.

Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

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