The extension of the licenses of Philippine Charity Sweepstakes Office (PCSO) Small Town Lottery (STL) authorized agent corporations (AACs) still needs the approval of President Benigno S. Aquino III.
In a statement issued Saturday, PCSO General Manager lawyer Jose Ferdinand M. Rojas II said that the PCSO Board approved a three-month extension of operations of 19 STL AACs “pending the approval of the President.”
All STL “authority to operate” or licenses will expire on June 30 this year.
The PCSO Board, in Resolution No. 122, Series of 2013, issued last June 6, found “merit and sufficient legal basis” in the recommendation of the PCSO Online Lottery Sector, which monitors the operations of STL AACs, to extend the licenses.
The extension was granted because “their immediate termination will result in the proliferation of illegal bookies and illegal numbers games, decrease in the Charity Fund due to loss of sales of contribution, and unemployment of the more than 140,000 bet collectors employed by the STL corporations.“
“This interim extension was approved since PCSO is refining the final version of the PCSO Loterya ng Bayan game with the Office of the President,“ Rojas said. (JC Bello Ruiz)