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WEB: Letter To PAGCOR

The document proposes a new business plan called PAGCOR Text Bonanza, a lottery system where users can text their lottery numbers to PAGCOR servers from their mobile phones. It estimates the potential revenues could be 50-100 billion PHP per year, many times more than the current PCSO lottery. It also addresses paying back previous e-games investors over time through the increased PAGCOR revenues.

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194 views5 pages

WEB: Letter To PAGCOR

The document proposes a new business plan called PAGCOR Text Bonanza, a lottery system where users can text their lottery numbers to PAGCOR servers from their mobile phones. It estimates the potential revenues could be 50-100 billion PHP per year, many times more than the current PCSO lottery. It also addresses paying back previous e-games investors over time through the increased PAGCOR revenues.

Uploaded by

BusinessWorld
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HilrL+le[

24 August2016

Boardof Director$
Ptrilippine
Amusementand
GamingGorporation
PedroGil Street
Malate,Manila
Attention: Ms,AndreaD. Domingo,
Chief ExecutiveOfficer
LadiesandGentlemen:"
WithourformerChairman
Mr.Roberto
V. Ongpinhaving
resigned
fromPhilweb,andwhilePAGcoRis studyinghislatest
proposal
of donatinghissharesin PhilWeb
forthe establishment
of
a nationwide
networkof drugrehabilitation
centers,it hasbecome
incumbent
uponrneas the mostseniorofficerof Philwebat this
time,to exhaustall effortsin tryingto maintain
thecontinued
existence
of PhilWeb.
Thisletterwilldescribe
in'briefdetaila PhilWebproposal
for a
newBusiness
Plan.We submitted
thisprojectto PAGCORsome
fiveyearsago,butfor unknownreasons,it was neveractedupon.
Thisprojectproposal,
whichhasnothingto do whatsoever
with"on'pAGcoR
linegaming,"
is called
TextBonanza"
withthefollowing
salientasprjcts:
1. PAGCORTextBonanzais basedon a proprietary
software
whichhasbeendeveloped
by Philweb,in whicha chosenlottery
numberis textedby a bettorto PhilWeb/PAGCOR
serversvia
smartmobilephones.He thenreceivesa confirmatory
message
regarding
hischosennumberandthe bettorsavesthe numberin
his cellphone,andthateffectively
becomeshisticket.

phi|Wbcorp0r6tlon"ThePsnthousa'A|phaiaRd5euth$aloTor.l9r,22$8chin0R6csFAvsnuscorn6rFdsa,'{fk6ticir''Phitipsina,|23l[63e}33s.s599/w.ph||**b'c6m'ph

Page2

2. Whenwe submitted
thisproposal
someyearsback,PLDT/Smart
owned276/o
of PhilWeb,andthereforehadagreedto a70a/o
PhilWeb/30%
$martsharingof the textrevenue(incontrastto
the normalsharingaf 70a/o
for Smartand30olo
for the service
provider).
3. Despitethe factthatPLDThasnowdivestedfromits ownership
in PhilWeb,
as partof thedivestment
negotiations,
it hadagreed
to continue
thissharingformula.
4. lt shouldbe possible
alsoto includeGlobein thisprojectif they
wouldagreeto thesame70o/o
PhilWeband30%to Globe.
5. TheexistingLotto,whichis openated
by PCSOviasaleof
thermalpaperprintedticketsin some4,000outletsnationwide,
earnsfor P6$O approximately
Php30billionperyear"The
queueet eachLottooutletin
bettorsare requiredto physically
orderto purchase
theirtickets,andduringtimeswhenthe lottery
jackpotis large,theselinescanextendup to a kilometer
long
andbettorshaveto queuefor upto an hourunderthe sunor the
rain,in orderto buytheirtickets.
6. Withover100million
cellphpnesand1.5billiontextsperday,it
is notdifficult
to seetheadvantage
of PAGCORTextBonania
overPCSO'sLottosystem.
7, We estimatethatthe potentialrevenuesfromPAGCORText
Bonanza
couldeasilyhitPhp50to 100billiona year.
8. lt wouldnotbe necessary
to discontinue
or replacePCSO'S
existingoperation,
but PAGCOR
TextBondnza
could
government
supplement
incomernanytimesover.
problems
9. WhilethiswouldsolvePhilWeb's
andincrease
PAGCOR"$
incomedramatically,
it wouldnotaddressthe
problems
of the existinge-Games
operators
andtheirinvestment
potential
of Php1"8billion.Hswever,
the income
of PAGCOR

Page3

TextBonanzawouldpermitthe paymentovertimeof theseeGamesoperatorsandthe returnof theirinvestment


via
PAGCOR
TextBonanza.
'10.
Thereis an existingDepartment
of Justiceopinionconfirming
thatnothingpreventsPAGCORfromengagingin PAGCORText
Bonanza
whichis nothingmorethana sophisticated
technology
lottery,clearlyallowedin the PAGCORcharter.
1
11. Enclosedherewithis a draftproposalwhichwe subrnitted
to
PAGCORsomeyearsagoandwillobviously
needto be
updated,if PAGCORwereto considerthisproposalfavorably.
In closing,I mightpointoutthatlotteries
(sweepstakes)
have
beenconducted
in the Philippines
sincethe 1930'sandno one
wouldconsider
it as gambling.
Additionally,
themorethan10
rnillion
Filipinos
workingoverseas
canactuallyparticipate
in this
lottery.
We are readyanytimeto discussanddemonstrate
the project
to PAGC0R,andhopethatthisnewBusiness
PlanfromPhilweb
willbe considered
in a favorable
lightby PAGcoR,considering
the
obviousandenormous
benefits
thereof.
Sincerely,

P,ett///>v!)>
DENNISO. VALDES
President
cc:

Boardof Directors
of PAGCOR
Boardof Directors
of PhilWebCorporation
e-GamesOperators
All PhilwebEmployee$
Philippine
(uploaded)
StockExchange

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