PAGCOR, the gaming regulator in the Philippines, has launched its inaugural Bawat Buhay Mahalaga Serbisyo Caravan just in time for Christmas. Held at a sports complex in Malolos, Bulacan, this two-day event aims to provide education, medical assistance, and food supplies to about 3,000 local residents.
As the licensing authority for gaming operators in the country, PAGCOR is composed of two main branches responsible for land-based and online gaming. With ambitious goals, PAGCOR anticipates generating $12.5bn from the gaming industry by 2028.
The event is a manifestation of Philippine President Ferdinand Marcos Jr.’s commitment to unite government services and local communities, as highlighted by PAGCOR Chairman and CEO Alejandro H. Tengco. Education is a significant focus of the event, with the distribution of 2,000 educational grants to both college and technical-vocational students. Each grant will provide ₱10,000 ($180) annually to support their studies.
Tengco emphasized the importance of vocational and technical education in the overall growth of industries, stating that “thousands of scholars will come from vocational schools.” In addition to education, the event offers medical supplies such as eyeglasses, canes, medicine, wheelchairs, and consultations from doctors and dentists, amounting to ₱5m in total.
PAGCOR has allocated a generous ₱50m for this two-day affair, underscoring its dedication to serving and uplifting local communities. This practice of utilizing gambling revenue to fund government initiatives and local projects is not limited to the Philippines—it is a global trend. For instance, in Maryland, US, $47.7m from November’s casino revenue was contributed to the state’s Education Trust Fund.