Gov't generates small revenue from Atong Ang's e-sabong firm earning P3B gross income per month

In spite of its huge gross income per month  amounting to P3 billion, Atong Ang's e-sabong firm only gives a pittance of P640-million revenue to the government monthly, according to the senators.

This has been discussed during the hearing last March 4 of the Senate public order where Ang was invited as the resource person in relation to the disappearance of 31 cockfight aficionados recently. 

When asked by Senate Minority Leader Franklin Drilon about the amount of bets that his company generates in their daily operation, Ang reported that Lucky 8's garner daily total bets to an average of P1 billion or P2 billion.

“More or less P60 billion po a month,” he added.

Ang said that from P60 billion worth of monthly bets, they only get five percent or P3 billion a month while their agents get P2 to 2.5 billion.

“P1.5 billion ang matitira. One percent ang expenses, more of less nasa mga P900 million, P800 million matitira sa isang buwan,” he mentioned.

However, the Philippine Amusement and Gaming Corp. (Pagcor) chairman and chief executive officer Andrea Domingo told senators that revenues from e-sabong operations in the country totaled P640 million per month since January this year.

“E kung P3 billion ang kinikita ng Lucky 8, baka po payat ang P600 million to P640 million na sinasabi ng Pagcor na kanilang income dito sa e-sabong,” Drilon pointed out.

“Uulitin ko lang, P3 billion per month even assuming that you incur expenses on this… P640 million per month of revenue by Pagcor is a pittance, and is very small compared to the gross income of Lucky 8,” the Senator added.

The Senate public order and dangerous drugs committee has resumed its investigation into the disappearance of 34 persons allegedly involved in e-sabong game fixing from April 2021 to January this year.

After the hearing last week, 23 senators signed a Senate resolution calling on Malacañang and Pagcor to suspend the e-sabong operations until the disappearances have been resolved.

Source: Inquirer

No comments:

Post a Comment