ADVERTISEMENTThe losses for the year 2015 was at P458 million, P386 million in 2016, P413.5 million in 2017, and P502.7 million in 2018. According to COA, this was not reflected in the government controlled corporation’s Financial Statement (FS). A table disclosed by COA showed that from 2014 to 2018, Casino Filipino had a total income of P10.60 billion. But in 2017, the CF’s income shrunk to P1.758 billion, and was further down in 2018 with just P1.215 billion. COA asked Pagcor and CF to assess whether the continuous operation of the branch is still viable, and to fully disclose the financial statements of the branch.

Source: Philippine Daily Inquirer July 23, 2019 04:07 UTC