Joint Venture of Pacific Online Systems Corporation, Philippine Gaming Management Corporation and International Lottery & Totalizator Systems Inc. has received the Notice of Award issued by the Philippine Charity Sweepstakes Office in connection with its public bidding for a new PCSO Lottery System. In the Bidding conducted for the Procurement of 5 Years Lease of the Customized Philippine Charity Sweepstakes Office Lottery System, also known as `2021 PLS Project' under SBAC Contract No. 2021-01, the Special Bids and Awards Committee declared as the Single Calculated and Responsive Bid for the abovementioned Project. Award is therefore made in favor with a total contract price of PHP 5,800,000,000.00. The PCSO further advised that pursuant to the requirements of the Government Procurement Law, a formal contract will be executed with the Joint Venture after the latter shall have complied with the requirement to post Performance Security.