That is five percent of the gross revenue, not net revenue, of PAGCOR, said Estrella.
The five percent share of the PSC in the PAGCOR earnings was discussed during the briefing conducted by PSC and Philippine Olympic Committee (POC) officials on their agencies plans and programs.
As of February this year, PAGCOR has been able to build a total of 2,221 classrooms in 448 sites nationwide.
According to PAGCOR, it has so far turned over P12 billion to the DPWH and the Department of Education to construct new classrooms for state-subsidized schools.
was created in 1976 to oversee the operation of gaming casinos, to generate funds for the government's developmental projects, and to help curb illegal gambling.
DepEd ang tumutukoy sa mga paaralan na kailangan pa ng mga klasrum, PAGCOR
ang magpopondo, DPWH naman ang nagpapatayo ng mga gusali.
The planned sale of the casinos operated by PAGCOR
, however, won't be easy, according Dominguez.
Aside from being spacious and well-ventilated, the new PAGCOR
classrooms also have comfort rooms in each floor for male and female students.
The turnover of the new school building, he said, was made possible through the Matuwid na Daan sa Silid-Aralan project of the PAGCOR
and its partners, DepEd and DPWH.
This was through the mandate under the Provisional License Agreement with PAGCOR
to set aside part of their revenues for the restoration of cultural heritage.
One of the schools that benefitted from the said school building project is the El Salvador Central School (ESCS) in Misamis Oriental which received a four-story 20-classroom building from PAGCOR
School principal Evelyn Casiano, Parents Teachers Association president Nelda Casas, and Abaring thanked PAGCOR
for their generosity, and Leonardia and Paduano for facilitating the project.