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PAGCOR Defends Move to TITO, Slot System

PAGCOR Defends Move to TITO, Slot System

The Philippine Amusement and Gaming Corporation last month issued a statement defending its plan to spend millions to upgrade the slots in its casinos to ticket-in/ticket-out operation and to install an electronic slot management system to link all the games.

“To date, PAGCOR is perhaps the only casino operator in the world that uses a manual system in the payment of slots winnings to players and in verifying and documenting winnings from its slot machine operations,” the statement said. “This means that PAGCOR has to upgrade its slots operations by installing an electronic slot machine system.”

The online slot management system will link 5,083 machines at 18 different casinos and arcades across the Philippines.

“The system has several enhanced functionalities, and the TITO component is only a small part of it,” the statement said. “Included in its other functionalities are audit, internal controls, financial accounting and monitoring, patron management, and marketing modules.”

PAGCOR will pay P516.6 million (US$12.5 million) for the entire system, including printers costing P147 million (US$3.6 million).