PAGCOR hands PSC over ₱250M in remittances for the training of national athletes in the upcoming 32nd SEA Games in Phnom Penh, Cambodia in May.
Good news for our national athletes competing in Phnom Penh as they would be the main beneficiaries of the check worth P256.38 million in remittances turned over by the Philippine Amusement and Gaming to the Philippine Sports Commission (PSC) for their training for the upcoming 32nd Southeast Asian Games (SEAG) in May.
According to PAGCOR, the amount sums up its mandated contributions to the sports governing body for the months of November (P124.45 million) and December (P131.93 million) last year.
“With the amount that we remitted, we hope to contribute significantly to the training of our national athletes for various international competitions and to the further development of Philippine sports,” PAGCOR Chairman and CEO Alejandro Tengco said in the turnover ceremony at the PAGCOR Executive Office in Malate, Manila on Thursday, reported Business Mirror.
Personally receiving the sum was newly-appointed PSC Chairman Richard Bachmann who was grateful for the continuing support of the gaming regulator after its role in the 2019 hosting of the Philippines of the Games.
According to Philippine News Agency, back in 2019, PAGCOR donated a total P842.5 million for the renovation of the track and football field and indoor Ninoy Aquino Stadium, both inside the 85-year-old Rizal Memorial Sports Complex in Manila, and the Multi-Purpose Arena at the Philsports Complex in Pasig City.
"This is definitely a big help to us as there are already a lot of requests coming from the NSAs (National Sports Associations) for equipment that they need for the training of their athletes for the coming SEA Games. We have no more funding problems when it comes to this,” said the PSC Chairman.
The agency also spared some amount for funding assistance to the Philippine Southeast Asian Games Organizing Committee, and aside from the remittances, Pagcor has been rewarding cash to athletes and their coaches who win in major international sports competitions.
Tags: #PSC, #nationalathletes, #training