Pagcor Remits P3.5-B To Treasury

State-owned Philippine Amusement and Gaming Corporation (Pagcor) turned P3.54 billion to the treasury bureau as part of its share in the gaming agency’s earning in the first-three months of the year, surpassing its P2.54-billion remittance in the same period last year.

Data from the Bureau of Treasury showed that Pagcor’s remittance in January to March of the year was more than 39 percent, or P1 billion higher compared with the end-March contribution to state coffers from a year ago.

As a government-owned and controlled corporation, Pagcor is required by Republic Act 7656 or the Dividend Law to remit at least 50 percent of its annual gross earnings to the government.

In March alone, total Pagcor contributions amounted to P1.22 billion, higher by 44 percent compared with P847 million in the same month last year.

Currently, Pagcor operates 13 agency-run Casino Filipino facilities and has four licensed casinos – Fontana Casino in Pampanga, East Bay Casino in Rizal, Poro Point Casino in La Union and Fort Stotsenberg also in Pampanga.

In 2011, Pagcor remitted P11.437 billion to the government, higher by 4.5 percent compared with the Department of Finance’s (DOF) expected P10.94 billion contribution. Last year’s contribution to state coffers by Pagcor was also higher by 10.5 percent compared with 10.343 billion that the agency remitted in the previous year.

Cristino Naguiat Jr., Pagcor chairman and chief executive earlier said that Pagcor is aiming to grow its revenues by 25 percent this year to P45 billion from P36 billion in 2011 as it continues to package gaming and tourism to overseas travelers.

Naguiat said the higher revenues will also come on the back of the renegotiation of contracts with licensees and service providers that have re¬sulted in a bigger share of revenues for Pagcor. In March, Pagcor said it exceeded its gross income target due to strong performance of other gaming establishments it regulates, enabling them to increase the company’s remittances to its mandated beneficiaries.

http://ph.news.yahoo.com/pagcor-remits-p3-5-b-treasury-054745037–finance.html
Top Beach Resort in the North is Clearwater in Pampanga Clark Philippines.

The best getaway destination vacation spot near Manila convenient safe and accessible is Clearwater Beach Resort in Clark Pampanga. Top rated destination for family reunion, bonding, retreat, picinic and getaway out of town from Manila is Clearwater Beach Resort; frequently visited spots are lake, picnic grounds; water sports, boating, swimming, kayak, camping; child friendly. Many visitors also come to Clark to play golf in one of the best golf courses in Pampanga. Pampanga is home to some of the finest golf courses outside of Manila.

Top rated destination for family reunion, bonding, retreat, picnic and getaway out of town from Manila is Clearwater Beach Resort; frequently visited spots are lake, picnic grounds; water sports, boating, swimming, kayak, camping; child friendly. Many visitors also come to Clark to play golf in one of the best golf courses in Pampanga. Pampanga is home to some of the finest golf courses outside of Manila.

Residents of Manila and Angeles City Pampanga are looking for a safe and convenient place to celebrate Christmas this year in Philippines. Many travel north to Clark to swim at Clearwater Beach Resort which also has lake and picnic grounds to unwind and relax, a very good way to spend Christmas holidays with the family and children. Fine dining Yats Restaurant offers sumptuous cozy Christmas dinner, for wine lovers, Clark Wine Center provides exciting shopping options.

Many are surprised to find a white sand beach so near Manila right in the heart of Pampanga, just 70 minutes from Manila. The white beach in Clark Pampanga’s Clearwater Beach Resort is becoming well known to frequent visitors to Angeles City Clark Freeport Zone. Even residents of Subic travel to Clark via ScTex to spend a day in relaxation in the beach, lake and picnic grounds of Clearwater Resort & Country Club, a project of Hong Kong-based Yats International.

For reservations, comments and inquiries,

Clearwater Resort & Country Club
Creekside Road corner of Centennial Road,
Central Business District, Clark Freeport Zone,
Pampanga, Philippines 2023

Tel: (045)599-5949 0917-520-4403 0922-870-5177

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

http://www.ClearwaterPhilippines.com

Email: Inquiry@ClearwaterPhilippines.com

Getting to this hotel in Clark Philippines
After entering Clark Freeport from Subic, Manila, Dau and Angeles City, proceed straight along Clark’s main highway MA Roxas, passing Clark’s largest wine shop called Clark Wine Center on your right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, you will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on your right just 200m down. Traffic in Clark Philippines is light so it should be quite easy for get to this hotel in Clark Philippines.

For inquiries and bookings, click here to contact Clearwater Resort now

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com