Alejandro H Tengco, chairman of PAGCOR, addressed a social media post by PAGCOR employee Gian Samson regarding the agency’s strategy for privatization. Samson had suggested using funds to enhance the casino for potential buyers post-privatization, which is set to take place in late 2025.
Tengco clarified that PAGCOR will not be spending any money on renovations, as the costs will be covered by the lessors. This strategic move is aimed at improving facilities at Casino Filipino locations, with the goal of increasing attractiveness for both PAGCOR and the government.
PAGCOR is also expanding its presence in the online gambling market with the launch of Casinofilipino.com in Q1 2024. Plans for the future include transitioning to a purely regulatory role and fostering growth for other operators in the industry.
Addressing rumors of employee layoffs due to privatization, Tengco emphasized that PAGCOR is not disbanding and many workers will remain in various operational units. The agency’s shift in focus towards regulation aims to level the playing field and drive market growth.
In a conversation with InnovateChange at ICE London, Tengco highlighted the Philippines’ position as a leading gambling hub in Southeast Asia. PAGCOR’s strategic efforts include regulating integrated resorts in Manila and attracting new players to invest in the country’s online gaming sector.
