THE Philippine Charity Sweepstakes Office (PCSO) said that around P5.2 billion has not been remitted by some Small Town Lottery (STL) operators.
PCSO director Sandra Cam said that the PCSO is keen on collecting the obligations from STL to make up for the drop in lotto revenues which had gone down by as much as 30 percent in the first quarter.
“Actually, we have a P5.2 billion shortfall (from STL operators),” Cam said.
The shortfall represents the unremitted Presumptive Monthly Retail Receipt (PMRR) of delinquent STL operators or authorized agent corporations (AACs) given the authority to operate STL in a city or province.
Cam said there are about 12 STL operators who owe PCSO the P5.2 billion.
According to Cam, topping the list of the 12 STL operators with huge obligations to PCSO are Propitious Corporation which operates STL in Rizal province with a P700 million delinquency, and Charity Games, which is the STL operator in Cagayan province and has a P600 million delinquency.
Cam said that the PCSO has to be ready with a huge cash war chest, with the Universal Health Care Law designating it to fund as much as 40 percent of the Philippine Health Insurance Corportation (PHIC) universal health care obligations while maintaining its charity medical assistance to indigents.