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The partnership between lottery firm Pacific Online Systems Corp. and the Philippine Charity Sweepstakes Office (PCSO) is venturing into online gaming as more and more bettors now prefer to go digital.
Pacific Online said that it has signed a Memorandum of Agreement (MOA) with the PCSO in connection with the PCSO's implementation of a one-year trial run for a Web-Based Application Betting Platform (WABP). I Photo:
In a disclosure to the Philippine Stock Exchange (PSE), Pacific Online said that it has signed a Memorandum of Agreement (MOA) with the PCSO in connection with the PCSO's implementation of a one-year trial run for a Web-Based Application Betting Platform (WABP).
The MOA will cover a trial period for the WABP of one year, subject to renewal, during which Pacific Online will be acting as PCSO's exclusive agent and generating gross revenues equivalent to 14 percent of PCSO's gross sales generated using the WABP.
Pacific Online, a subsidiary of the SM Group’s Belle Corporation, is engaged in the development and management of online computer systems, terminals, and software for the Philippine lottery industry.
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