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The Latest in pagcor
Industry
September 1, 2022
New PAGCOR Chief Suggests Privatization of State-Owned Casinos
The new CEO and chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), Alejandro Tengco, has suggested that he will be considering the privatization of the state-owned casinos in the Philippines. New PAGCOR Chief Voices Ideas Regarding Casino Privatization The freshly appointed PAGCOR head, Tengco, has made comments that PAGCOR will reconsider its current function […]
Business
August 29, 2022
PAGCOR Casinos May Be Up for Sale Under BBM
The presidential elections in the Philippines earlier this year resulted in the appointment of Bongbong “BBM” Marcos, a scion of Ferdinand Marcos Sr., a former president, and Imelda Romualdez Marcos, a former first lady. While his family is linked to profligate spending that was largely seen as one of the reasons why the Philippines ended […]
Industry
August 1, 2022
PAGCOR Shares H1 2022 Financial Report, Revenue Reaches $481.9M
The Philippine Amusement and Gaming Corporation (PAGCOR), has posted a financial report for the first half of 2022 and the data states that its YoY revenue has increased by 68.11%. In the period between January and June 2022, the total reported revenue reached P26.70 billion ($481.9 million). PAGCOR’s Revenue Even Exceeded the Original Expectations Originally, […]
Industry
July 26, 2022
PAGCOR Opened an Evacuation Center in Laguna
The Philippine Amusement and Gaming Corporation (PAGCOR) has demonstrated its commitment to the safety of Philippine citizens by opening a new multi-purpose evacuation center. The new establishment will shelter people in times of disaster and provide them with all the necessities they might need. PAGCOR’s New Facility Is Well-Equipped PAGCOR officially opened the new evacuation […]
Casino
July 13, 2022
PAGCOR’s New Guidelines on Junkets Call for Enhanced Due Diligence
The Philippine Amusement and Gaming Corporation or PAGCOR is toughening up its stance on the way junket operators can run their business and associate themselves with gambling businesses in the country. A new set of guidelines published on Monday sheds light on the do’s and don’ts of what land-based businesses may do when seeking to […]
Industry
June 30, 2022
PAGCOR Collected Record Profits for the Past Six Years
The Philippines gambling watchdog, the Philippine Amusement and Gaming Corporation (PAGCOR), has collected aggregated profits of over PHP300 billion ($5.5 billion) for the six-year period during which Andrea Domingo headed the regulator. Record Gambling Revenue for PAGCOR In a press release issued on June 29, chairman and CEO of PAGCOR Andrea Domingo shared the financial […]
Casino
June 23, 2022
PAGCOR Still Trying to Collect $42.7M from POGOs
The goal of PAGCOR, the Philippines’ gaming regulator, has always been to raise sufficient funds to pour back into various social programs. Now, though, a new audit indicates that the watchdog may have not collected as much as PHP2.33 billion ($42.7 million) from Philippine Offshore Gaming Operators (POGOs) over the past five years. PAGCOR Still […]
Casino
June 21, 2022
PAGCOR Reveals MPEC in Bulacan, More to Come
The Philippine Amusement and Gaming Corporation (PAGCOR) has inaugurated a new evacuation facility funded with gambling tax revenue in Bulacan. The ceremony for the new facility was held on Monday and it reflects the regulator’s efforts to continue creating societal benefits especially when the Philippines finds itself battered by nature’s elements with thousands of people […]
Casino
June 6, 2022
PAGCOR Denies Harsh Accusations of Bias in the Okada Manila Incident
The Philippine Amusement and Gaming Corp (PAGCOR), which is responsible for regulating the casino industry in the Philippines, has denied harsh accusations from the Universal Entertainment Corp (UEC), a parent company of Leisure and Entertainment Inc (TRLEI), that its position in the dispute regarding the control of the Okada Manila gaming resort is biased in […]
Business
June 6, 2022
Universal Entertainment Accuses Philippines Regulator of Corruption and Abuse of Power
The dispute revolving around the hostile takeover of Okada Manila continues to build up momentum as the Philippine gaming authorities side with Kazuo Okada. Universal Entertainment Corp (UEC) issued a statement condemning PAGCOR for corruption and unjustly favoring one side of the dispute. UEC is the parent company of Okada Manila’s owner, Tiger Resort, Leisure […]