MANILA, Philippines — Gymnast Carlos Yulo will get a P10-million money reward from the Philippine Amusement and Gaming Company (Pagcor) for every gold medal he gained on the 2024 Paris Olympics, its Chairman Al Tengco mentioned on Tuesday.
Tengco introduced it throughout the Home committee on appropriations’ listening to on Pagcor’s contributions to the nationwide price range.
“As offered by legislation, for the gold medalists, Pagcor is remitted to offer an athlete who wins a gold P10 million, so since he has two golds, Mr. Yulo could have P20 million. I’ve not introduced this in public, so that is the primary time,” he mentioned.
“The coach and the coach of Mr. Yulo will obtain 50 % of what Pagcor will donate, so in that case, Mr. Yulo will obtain P20 million, P10 million per gold that he was capable of produce. Then his coach and coach will obtain a complete of P10 million… mainly, P5 million per gold,” he added.
READ: Gymnast Carlos Yulo offers PH its second Olympic gold
Speaker Ferdinand Martin Romualdez earlier mentioned Yulo may also obtain P3 million from the Home of Representatives per gold medal, which suggests he’s now slated to get P6 million.
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Yulo made historical past after securing two successive victories on the 2024 Paris Olympics – a gold within the males’s creative gymnastics closing on Saturday evening and one other gold throughout the males’s vault finals on Sunday evening.
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