Albay STL unpaid debts to PCSO of ₱250M | BICOL TODAY

Albay STL unpaid debts to PCSO of ₱250M

Photo from Google

By Manly M. Ugalde

LEGAZPI CITY — The controversial barely six-month-old Small Town Lottery operation in Albay allegedly run by a firm of known gambling lords in Tagalog region is heading toward losing the franchise amid the murder of its top official with close to ₱250 millions of unsettled accounts due for the Philippine Charity Sweepstakes Office.

This developed after the chair of the PCSO operator Lucky V Prime Enterprise Inc Alex German Alemania was ambushed in Legazpi City on Nov 15 and died five days later. Police killed the fleeing gunman and arrested the wounded fellow assassin.

Two days following the ambush, Gov. Al Francis Bichara called for a press conference at the Capitol where he announced he would write President Duterte to stop the STL operation of Lucky V in his province. Bichara spokesperson Danny Garcia promised to give copy of Bichara’s letter to requesting journalists but failed to comply for unexplained reason.

Police identified the killed gunman as Marlon Magsino and his companion Michael Malveda of Lipa City and Malvar town of Batangas province.

Lucky V Prime Enterprise Inc. began its Albay STL operation on May 1, 2017. Failing to comply the due monthly remittance for the PCSO, Alemania reported during the provincial board regular session in July that its failed monthly remittance to the PCSO was a result of the proliferation of bookies and jueteng. This forced the provincial board in a resolution to ask the PCSO and the Philippine National Police to rather stop the Lucky V operation.

PCSO Albay reported that for the month of JULY, Lucky V remitted only a total of ₱18,000.

Earlier in July, PCSO asst. general manager Florante Solmerin had warned Lucky V major incorporators to settle early their internal dispute and obligations or face the consequence of losing its franchise contract.

Sources said so many interested gambling lords including from Albay have been courting the Albay capitol to replace Lucky V whose operation have been temporarily paralyzed following the killing scandal that rocked the company and the province.

PCSO is still conducting the motive surrounding the death of Alemania and the decision whether replacement to fill up the onslaught STL operation is under study.

PCSO general manager Alex Balutan last week said that Lucky V is indebted to the PCSO some ₱250 million since it began operation last May. The Presumptive Monthly Retail Receipts (PMRR) which is the presumed monthly sales set by the government for Lucky V was pegged at ₱77,640,000 which Lucky V failed miserably to comply according to the PCSO official. The PCSO assessment showed that Lucky V was earning P4 million daily or ₱120 million monthly. Greed was the reason the internal dispute would not subside that caused grave failure to remit what is due for the PCSO, said Balutan.

The launching of the Albay STL have been largely considered by the PCSO as the only alternative to kill the well-entrenched decade-old illegal online gaming operation of Meridien Vista Gaming which was believed to be merely serving as a front for the rampant jueteng operation in the province. Justice secretary Vitaliano Aguirre boasted that the revitalized STL will neutralize all forms of illegal gambling.

It will be recalled that Gov. Bichara was quoted in a media reports early this year that Meridian has not remit a single centavo to the capitol coffer since 2013 but he could not order it stopped because he said it is purely a police matter. The report said Bichara cannot intervene against Meridien operation without hurting other politicians who may be benefitting from the illegal operation.

Following the launching of STL operation in May, Albay capitol declared that Meridien Vista Gaming had also stopped operation. 

Posted by on December 1, 2017. Filed under Bicol News,Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Your email address will not be published. Required fields are marked *