PAGCOR's Casino Privatization Initiative

[MissExposé]

The Philippine Amusement and Gaming Corporation (PAGCOR) is aiming to privatize 45 of its casinos by Q3 2025 to enhance their value and generate revenue. PAGCOR's chair, Alejandro Tengco, emphasized the agency's commitment to the privatization plan, addressing concerns about its dual role as regulator and operator, with supporters advocating increased revenue potential through privatization and critics cautioning against selling a lucrative asset. The move is part of PAGCOR's larger strategy to upgrade gaming infrastructure, enhance regulatory functions, and fund government projects through streamlined processes and increased revenues.

Source: https://news.worldcasinodirectory.com/pagcor-seeking-privatization-by-2025-to-split-regulator-and-operator-roles-109917

 

[robjmiller84]

This endeavor aligns with PAGCOR's broader strategy of modernizing gaming infrastructure, bolstering regulatory mechanisms, and funding governmental projects through more efficient procedures and increased financial inflow. The envisioned transformation not only promises financial gains but also underscores PAGCOR's commitment to adapting and optimizing its operations in a dynamic economic landscape.