Pagcor awards P7.9 million cash incentives to Pinoy athletes
AS PART of its unwavering support to Philippine sports, Pagcor recently turned over P7.9 million in total cash incentives to Filipino athletes and their coaches who won in major international competitions this year.
Of this amount, P2.5 million went to 16-year-old Luis Gabriel Moreno who clinched a gold medal in the archery competition during the 22nd Youth Olympica Games in Nanjing, China, last August.
Pagcor also awarded P5.4 million to 15 athletes and their coaches who bagged medals in the 17th Asian Games held in Incheon, South Korea.
Pagcor president and COO Jorge Sarmiento said the cash incentives are meant to motivate the national athletes to train harder and compete on a higher level whenever they represent the country.
“Rewarding our national athletes after they emerge triumphant in any international event is not only recognizing them for what they have achieved but a demonstration of Pagcor’s sincere appreciation for the efforts they have exerted to carry the nation proudly on their shoulders,” Sarmiento said.
Pagcor’s release of cash incentives is in compliance with Republic Act 9064.