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Manila Bulletin devider Business devider Banking & Finance devider Pagcor launches second phase of ₱600-million PMA facility construction

Pagcor launches second phase of ₱600-million PMA facility construction

Published Jun 11, 2025 11:29 am

At A Glance

  • State-run Philippine Amusement and Gaming Corp. (Pagcor) has launched the second phase of construction for the Philippine Military Academy Alumni Association, Inc. (PMAAAI) building at Fort Andres Bonifacio in Taguig City, with total funding of ₱600 million.
State-run Philippine Amusement and Gaming Corp. (Pagcor) has launched the second phase of construction for the Philippine Military Academy Alumni Association Inc. (PMAAAI) building at Fort Andres Bonifacio in Taguig City, with total funding of ₱600 million.
The ceremonial launch, held on Tuesday, June 10, was led by Pagcor Chairman and Chief Executive Officer (CEO) Alejandro H. Tengco.
Pagcor initially approved a ₱300-million budget for the building’s structural phase, followed by another ₱300 million for the ongoing interior fit-out.
The six-story facility is being funded by Newport World Resorts Foundation, the corporate social responsibility (CSR) arm of one of Pagcor’s licensed integrated resorts.
“This project is truly remarkable because it is being constructed at no cost to the Philippine government,” Tengco said.
He emphasized that the initiative demonstrates how a well-regulated gaming industry can contribute meaningfully to nation-building.
Once completed, the building will serve as PMAAAI’s official headquarters and host leadership training, strategic forums, and programs to develop future Filipino military leaders, Pagcor said.
Tengco expressed confidence that the planned Center for Leadership Excellence within the facility will not only strengthen the PMAAAI as an institution but also help empower the Armed Forces of the Philippines (AFP) and support its personnel.
He added that the gaming industry, under strong regulatory oversight, continues to back high-impact, socially relevant projects.
“This structure is solid proof of what can be achieved when public service and private enterprise share a vision of progress and patriotism,” he said.
Tengco also reaffirmed Pagcor’s broader support for the AFP. Earlier this year, the agency allocated funds for several PMA projects, including a modern warfare laboratory, new sports facilities, a patient transport vehicle, and the renovation of the Candidate Control Liaison Office in Quezon City.

Related Tags

Philippine Amusement and Gaming Corp. (PAGCOR) Alejandro H. Tengco Philippine Military Academy (PMA)
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