THE Philippines Charity and Sweepstakes Office (PCSO) is expecting authorized agent corporations (AAC) to resume operation of small town lotteries next week, after it announced President Rodrigo R. Duterte lifted the suspension Thursday.
“Hopefully, next week basta ma-comply nila lahat ng requirement (I hope net week for compliant operators),” PCSO General Managers Royina M. Garma told reporters in a briefing Friday.
She said she has given AACs two weeks to comply with the conditions set by the President, warning that failure will subject them to termination of contract.
““Yung may mga utang at di magbabayad (those who are in arrears), I’ve given them two weeks actually to comply, if not, then a termination order will be issued.”
Ms. Garma on Thursday evening said STL operators may resume, provided they are compliant with the conditions of their STL agency agreement.
She listed the following conditions: the deposit of a cash bond worth three months of PCSO’s share in the guaranteed minimum monthly retail receipts (GMMRR) on top of the current cash bond, which will be forefeited in favor of the PCSO upon failure to timely and fully remit the GMMRR.
AACs are also required to execute a written undertaking to comply with the STL agency agreements and agreeing to automatic termination in the event of a breach of franchise terms.
“For now, wala pa naka-comply so lahat ng operation ng STL (no one is fully compliant),” Ms. Garma said at the briefing Friday.
Asked how the PCSO will make up for the three-week closure, Ms. Garma said the shortfall could be addressed through opening of new STL branches. — Charmaine A. Tadalan