Sigma Asia 2024 3-day conference kicks off

Transcript

00:00 The Sigma Asia 2024, which focuses on tax reduction impact on the country's gambling

00:05 winners, kicked off its three-day conference, which started on June 3 and ends tomorrow.

00:11 The panel, including Philippine Charity Sweepstakes Office or PCSO General Manager Mel Robles

00:17 and representatives from Pronet Gaming Asia and DFNN, shared their insights on tax adjustments,

00:25 gambling regulation plus its social implications.

00:29 They are optimistic on the potential of lottery and related sectors.

00:33 For his part, Robles stressed lottery's unique nature, saying it's a "bet and forget"

00:38 type of game that allows bigger jackpot prices compared to casino games.

00:43 He also sees it as a "cultural and unifying event."

00:47 Robles disclosed PCSO's plans to launch a billionaire lottery.

00:52 Furthermore, Robles eyes to boost PCSO's income to help more charitable causes.

00:56 "We are the only government agency tasked to do charitable.

01:03 And in fact, we have more than 10 agencies that we support, 10 legislatures that we support

01:17 from our bank.

01:18 There is hope because there is a law pending now in the Senate to lower it back to 10 percent

01:24 or more, and we are the documentary stars.

01:26 You see, I really don't mind taxing the winners.

01:29 I don't really want.

01:30 But taxing when you just bet or about to win, I think that's unfair."

01:36 [MUSIC PLAYING]