{"id":5554,"date":"2020-04-14T01:09:31","date_gmt":"2020-04-14T01:09:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=5554"},"modified":"2026-04-24T06:10:10","modified_gmt":"2026-04-24T09:10:10","slug":"pagcor-philippines-sale","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-philippines-sale","title":{"rendered":"Philippines Senate wants to privatise all PAGCOR casinos"},"content":{"rendered":"\n<p>Senate Minority Leader says state-owned casinos should be sold to raise funds to help fight Covid-19. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Philippines.- The Senate of the Philippines has called for the immediate sale of all PAGCOR casinos to help fund the country&#8217;s fight against Coronavirus.<\/p>\n\n\n\n<p>Senate Minority Leader, Franklin Drilon, argued that all of the regulator\u2019s 47 casinos should become state assets that could be immediately privatised and sold.<\/p>\n\n\n\n<p>According to <strong><em>CNN Philippines<\/em><\/strong>, he said: &#8220;The government does not have to look far to raise additional revenues.<\/p>\n\n\n\n<p>&#8220;There are &#8216;low-hanging fruit&#8217; the government can immediately tap to provide the much needed resources for our country to survive this pandemic.&#8221;<\/p>\n\n\n\n<p>Figures announced last year suggested the government could collect around Php300billion (US$6billion) in additional annual revenue through privatisation.<\/p>\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-revenue-philippines-casino-closures\"><strong><em>PAGCOR has recently revealed big losses<\/em><\/strong><\/a> since the lockdown measures in the Philippines caused all casinos to be closed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Minority Leader says state-owned casinos should be sold to raise funds to help fight Covid-19.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Senate Minority Leader has proposed the immediate privatization and sale of all 47 state-owned PAGCOR casinos to generate an estimated Php300 billion (US$6 billion) in annual revenue. This initiative aims to fund the nation's COVID-19 response, particularly as PAGCOR has reported significant losses due to lockdown-induced casino closures.","focusai_entities":"PAGCOR, Senate of the Philippines, Franklin Drilon, CNN Philippines","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.95), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.75), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PAGCOR Privatization Timeline?","query":"What is the projected timeline for the legislative approval and execution of the PAGCOR casino privatization, and what are the key procedural hurdles?"},{"label":"Market Impact Analysis?","query":"How would the privatization of PAGCOR's 47 casinos alter the competitive landscape and market share distribution among existing and potential new operators in the Philippines?"}],"footnotes":""},"categories":[160,28,161,163,167,158,16333],"tags":[12436,7299,405,128],"class_list":["post-5554","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-daily-news","category-finance-news","category-news-region","category-slider-home","category-south-east-asia-news","tag-casinos","tag-coronavirus","tag-pagcor","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5554","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5554"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5554\/revisions"}],"predecessor-version":[{"id":777017235,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5554\/revisions\/777017235"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}