00:00 More than P2 billion was not collected by Pancor from a Fogo licensee that closed during the pandemic.
00:06 When Pancor Chief Alejandro Tenco admitted to the deliberation of the camera for the 2024 proposed budget,
00:12 it was not collected during the last administration because it was sold like a lottery,
00:17 saying that the licensee is a foreign national.
00:20 It left the country after operating for 8 months.
00:24 In June 2022, the first coa that was not collected was opened.
00:28 According to Tenco, he asked the Commission on Audit to delete the receivable because they can't do anything to chase it.
00:35 Tenco also imposed more than P3 billion for the new Pancor logo.
00:40 It includes the replacement of the logo on all Pancor properties.
00:45 The logo was changed to fight almost 1,000 fake gaming licenses used in other countries including the Philippines.
00:53 (music)
00:55 (music)
00:57 (announcer speaking in Tagalog)
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