By Miguel R. Camus
Malaysia’s telecommunications magnate, Ananda Krishnan, has begun to exit the Philippine gaming sector through the sale of almost the entire stake of its unit in lotto services firm Pacific Online Systems Corp.
By the staff
The conflict between Philippine Charity Sweepstakes Office (PCSO) and Pacific Online Systems Corp., on one side, and Malaysian conglomerate Berjaya, on the other, has turned into a full-blown war. Berjaya’s local unit, Philippine Gaming Management Corp. (PGMC), came out with guns blazing last week, accusing PCSO and Pacific Online of all sorts of monkey [...]
Lottery equipment supplier Pacific Online Systems Corp. reported a significant jump in the amount of transactions it handled for the government in 2012 from year-ago level.
By Doris C. Dumlao
The chief of lottery provider Pacific Online Systems Corp. has taken up the cudgels for the state-owned Philippine Charity Sweepstakes Office (PCSO), who is being accused of favoring the former at the expense of the local gaming unit of Malaysian conglomerate Berjaya.
Profit of publicly listed Pacific Online Systems Corp. grew by more than half in the July-September period due to record lotto sales and the expansion of the company’s terminal network.