Philippine News Agency
Yulo’s law-mandated P20-M incentive to come from PAGCOR
The Philippine Amusement and Gaming Corporation (Pagcor) will grant Carlos Yulo P20 million for winning two Olympic gold medals in the Paris Olympics.
Pagcor Chairman Al Tengco confirmed that Yulo will receive P10 million for each gold medal, as mandated by law.
Yulo's coaches and trainers will collectively receive 50 percent of the total prize money, amounting to P10 million.
Pagcor also provides incentives for silver and bronze medalists, with P5 million and P2 million respectively, and their trainers receiving P2.5 million and P1 million respectively.
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Filipino Olympic medalists from the 2024 Paris Olympics will receive substantial cash incentives based on their performance, as mandated by Republic Act 10699.
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Filipino gymnast Carlos Yulo is set to receive substantial rewards following his historic double gold medal win in the Paris Olympics.
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Gymnast Carlos Yulo made history for the Philippines by winning the country's first-ever Olympic gold medal in men's floor exercise at the Paris 2024 Games on August 3.
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President Ferdinand Marcos Jr. will honor Filipino Olympians, including gymnastics hero Carlos Yulo and boxing medalists Nesthy Petecio and Aira Villegas, upon their arrival from the Paris Olympics.
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The House of Representatives adopted consolidated resolutions congratulating gymnast Carlos Yulo for his double-gold win at the 2024 Paris Olympics, specifically commending him for gold medals in the men's floor exercise and men's vault events.
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