{"id":777007237,"date":"2023-07-13T07:03:39","date_gmt":"2023-07-13T10:03:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007237"},"modified":"2026-04-22T20:05:48","modified_gmt":"2026-04-22T23:05:48","slug":"pagcor-confirms-plans-to-privatise-casinos-to-end-its-dual-role","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-confirms-plans-to-privatise-casinos-to-end-its-dual-role","title":{"rendered":"PAGCOR confirms plans to privatise casinos to end its dual role"},"content":{"rendered":"\n

Alejandro H. Tengco told G2E Asia that PAGCOR is committed to shifting to a purely regulatory role.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Alejandro Tengco<\/strong>, chairman and CEO of the Philippine Amusement and Gaming Corp (PAGCOR), has confirmed that the regulator and operator will sell its casinos to end its dual role. Speaking at\u00a0the Global Gaming Expo (G2E) Asia in Macau<\/a>,\u00a0he said the “privatisation of our casino operations is now at the forefront of our master plan, with Pagcor shifting its energy towards a purely regulatory role.\u201d<\/p>\n\n\n\n

PAGCOR currently regulates, authorises and licenses gaming in the Philippines but\u00a0it also operates over 40 casinos itself<\/strong>. However, this dual role has been seen as a conflict of interests and a potentially unfair advantage over private-sector licensees.<\/p>\n\n\n\n

Tengco said that privatisation would bring new capital, advanced technologies and expertise into the Philippine gaming market. He also said the move would streamline PAGCOR’s processes, stimulate expansions and innovations and generate additional revenues for high-impact government projects.<\/p>\n\n\n\n

He said PAGCOR has already received expressions of interest. Plans are underway to upgrade venues, adding value to the properties and ensuring compliance with updated technical standards for electronic gaming machines.\u00a0<\/p>\n\n\n\n

In 2022, the regulator remitted PHP1.95bn (US$34.74m) in cash to the country\u2019s treasury. Tengco<\/strong> said the dividends were made possible by revenue of PHP58.96bn (US$1.05bn) generated in 2022<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alejandro H. Tengco told G2E Asia that PAGCOR is committed to shifting to a purely regulatory role.<\/p>\n","protected":false},"author":176,"featured_media":34645,"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 is committed to divesting its casino operations to transition into a purely regulatory body, addressing long-standing conflict of interest concerns. This strategic privatization aims to attract new capital, advanced technologies, and expertise into the Philippine gaming market, fostering innovation and generating additional government revenues. Plans are underway to upgrade existing venues to enhance asset value and ensure compliance with updated technical standards.","focusai_entities":"Alejandro H. Tengco, Philippine Amusement and Gaming Corp (PAGCOR), Global Gaming Expo (G2E) Asia","focusai_location":"Philippines, Macau","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.9), operator_casino (0.95), affiliate_publisher (0.7), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (0.98), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Privatization Timeline?","query":"What is the projected timeline for PAGCOR's casino asset divestment, and what specific governance frameworks will be implemented to ensure a transparent and equitable privatization process?"},{"label":"Regulatory Impact?","query":"How will PAGCOR's transition to a purely regulatory role impact existing B2C licensing conditions, and what new compliance standards or enforcement mechanisms are anticipated for private operators?"}],"footnotes":""},"categories":[156,16333],"tags":[405],"class_list":["post-777007237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007237","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=777007237"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007237\/revisions"}],"predecessor-version":[{"id":777007250,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007237\/revisions\/777007250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/34645"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}