From 1986 to 1992, Mel Lopez was mayor of Manila.  During his early years, his administration was faced with 700 million pesos worth of debt and inherited an empty treasury. In the first eleven months, however, the debt was reduced to 365 million pesos and the city's income rose by around 70% eventually leaving the city with positive income until the end of his term. Lopez closed down numerous illegal gambling joints and jueteng. In January 1990, Lopez padlocked two Manila casinos operated by the Philippine Amusement and Gaming Corporation (PAGCOR), saying the billions it gained cannot make up for the negative effects gambling inflicts upon the people, particularly the youth. He also revived the Boys' Town Haven (now referred to as "Boys Town"), rehabilitating its facilities to accommodate underprivileged children and provide them with livelihood and education.