{"id":33099,"date":"2022-08-31T04:07:29","date_gmt":"2022-08-31T07:07:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33099"},"modified":"2026-04-23T05:21:50","modified_gmt":"2026-04-23T08:21:50","slug":"pagcor-to-analyse-possible-privatisation-of-gaming-operations","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-to-analyse-possible-privatisation-of-gaming-operations","title":{"rendered":"PAGCOR to analyse possible privatisation of gaming operations"},"content":{"rendered":"\n

PAGCOR’s new chairman and CEO, Alejandro H. Tengco, said the agency is looking at the possibility of ending its dual role.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- New CEO and chairman, Alejandro H. Tengco<\/a>, has confirmed that PAGCOR is to evaluate the possibility of privatising its gaming operations. The announcement comes after finance secretary\u00a0Benjamin E. Diokno<\/strong> suggested that\u00a0PAGCOR needed to resolve<\/a> the potential conflict of interests caused by its dual role of operator and regulator.<\/p>\n\n\n\n

PAGCOR currently regulates, authorises and licenses gaming in the Philippines but it also operates over 40 casinos itself.<\/p>\n\n\n\n

Tengco told Philstar: “We are hoping to be given time to study this. That is part of our current thrust and agenda to really distinguish whether we are a regulator or an operator. If we will be able to draw the line and distinguish, the option will be [that] PAGCOR will be the regulator for gaming operations, both land-based and online.<\/p>\n\n\n\n

\u201cFor the PAGCOR-operated casinos nationwide, if we make decisions, the best thing that we could foresee is privatize.”<\/p>\n\n\n\n

Government estimates have suggested that privatising gaming could generate PHP300bn a year. Former finance chief\u00a0Carlos Dominguez<\/strong>\u00a0had previously raised the idea of privatising PAGCOR\u2019s gaming operations but the Duterte administration didn\u2019t go ahead.<\/p>\n\n\n\n

PAGCOR reported net income of PHP2.16bn (US$38.8m) for the first half of the year<\/strong>, up 2,600 per cent when compared to last year<\/a>. The regulator reported income from gaming operations<\/strong> of PHP24.72bn (US$443m), up 67.3 per cent year-on-year. Total income was PHP26.70bn, up 68.1 per cent.<\/p>\n\n\n\n

The regulator expects its net income to increase by 52 per cent to PHP54bn this year from the PHP35.49bn it generated last year. Additionally, its contribution to government programs and projects is expected to increase by 55 per cent to PHP35.55bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

PAGCOR’s new chairman and CEO, Alejandro H. Tengco, said the agency is looking at the possibility of ending its dual role.<\/p>\n","protected":false},"author":176,"featured_media":20663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAGCOR's new leadership is actively evaluating the privatization of its extensive gaming operations, including over 40 casinos, to resolve the inherent conflict of interest stemming from its dual role as both a market regulator and a commercial operator. This strategic shift, previously considered by past administrations, aims to streamline governance frameworks and could potentially generate PHP300 billion annually for the Philippine government.","focusai_entities":"PAGCOR, Alejandro H. Tengco, Benjamin E. Diokno, Carlos Dominguez","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Privatization Timeline?","query":"What is the projected timeline for PAGCOR to finalize its study and commence the privatization process for its gaming operations, and what specific assets are being considered for divestment?"},{"label":"Regulatory Framework Impact?","query":"How will the proposed separation of PAGCOR's operator and regulator roles specifically alter the B2B and B2C licensing frameworks and ongoing regulatory compliance requirements for all gaming stakeholders in the Philippines?"}],"footnotes":""},"categories":[157,158,16333],"tags":[405],"class_list":["post-33099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33099"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33099\/revisions"}],"predecessor-version":[{"id":33119,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33099\/revisions\/33119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20663"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}