Philippine Prez Turns Down Slot PlanPublished August 18, 2002 by OCR Editor
Last Tuesday Philippine President Gloria Macapagal Arroyo disregarded an intended plan to equip Philippine Amusement and Gaming Corp. (Pagcor) with an extra 2,000 slot machines in malls and other tourist hot-spots around the country.
President Arroyo publicized its pronouncement at a gathering for the new Arsenio H. Lacson Foundation for Public Service, which took place at the Manila Hotel. As the President and government took note of the public's resistance to Pagcor's plan, the government said that negotiating it's ethical "headship" as well as deciding to increase required profits to prevent an inflated budget shortfall the country is dealing with, is not in the cards.
Efraim Genuino, the head of Pagcor announced that the company will act in accordance to the decision as soon as possible, saying "We will abide by her instructions in deference to her stated mission of strengthening the moral foundations of her leadership." It was reported that the country as of now holds 3,000 slot machines, which can be found only in state regulated gaming venues.