ArenaPlus offers ₱5M cash prize to Carlos Yulo

ArenaPlus has announced a cash reward of PHP5 million for Paris Olympics double-gold medalist Carlos Yulo.

The company recognizes Yulo as its official brand ambassador and celebrates his historic achievement as the first Filipino to win gold medals in a single Olympics.

Yulo, who recently turned 24, dominated the men's floor exercise and vault events at the Paris Olympics.

ArenaPlus stated that this bonus is part of their partnership with Yulo and aims to support his future endeavors in sports.

In addition to ArenaPlus' reward, Yulo will receive PHP20 million from the Philippine Sports Commission under RA 10699 for each gold medal, as well as other incentives such as a house and lot from various organizations.