The Philippine Amusement and Gaming Corp. (Pagcor) expects an increase in revenue from government-run casinos this year despite ongoing privatization initiatives. In a statement on Thursday, March 21, the gaming regulator and operator stated that Pagcor-operated casinos are expected to yield P81.27...
The Philippine Amusement and Gaming Corp. (Pagcor) expects full separation from its casino operations within the next five years, and aims to open at least one integrated resort (IR) each year to drive growth. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, said...
The popularity of online gaming and casinos has surged significantly, with the Philippine Amusement and Gaming Corp. (Pagcor) reporting a near doubling of revenue from electronic games of chance over the past year. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said on Monday,...
State-owned Philippine Amusement and Gaming Corp. (Pagcor) reported a strong double-digit revenue growth last year, but it fell short of pre-pandemic levels. In a statement, the government's gaming regulator and operator said that the company generated P79.37 billion in revenues from January to...
The Philippine Amusement and Gaming Corp. (Pagcor) boosted its contributions to state coffers in the first 11 months of last year, but they continued to lag behind pre-pandemic figures. Data from the Bureau of the Treasury showed that the national government's portion of Pagcor's earnings rose by...
Government-run casino centers are in for a major upgrade as the Philippine Amusement and Gaming Corp. (Pagcor) expects to deliver 3,000 brand new slot machines by January next year. Ajejandro H. Tengco, Pagcor chairman and chief executive officer, said the delivery of brand new slot machines is a...
The Philippine Amusement and Gaming Corp. (Pagcor) expects that the local gaming industry will see further growth in the coming years, fueled by increased demand for leisure, travel, and entertainment. In a statement, Ajejandro H. Tengco, Pagcor chairman and chief executive officer, said the gaming...
The government's portion of the income generated by the Philippine Amusement and Gaming Corp. (Pagcor) increased by almost half in the first seven months of the year but remained below pre-pandemic levels. According to the Bureau of the Treasury's report, the government's gaming regulator and...
The Philippine Amusement and Gaming Corp. (Pagcor) said the privatization of state-run casinos is set to be completed within the next two years. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said the agency is currently undergoing a transition towards functioning solely as a...
Three Sandiganbayan justices denied anew the motion of former Philippine Amusement and Gaming Corporation (PAGCOR) chairman Efraim C. Genuino to inhibit them in the trial of his 39 criminal charges filed for alleged anomalous use of public funds amounting to P183.7 million. Presiding...
Philippine Amusement and Gaming Corp. (Pagcor) Chairman Alejandro H. Tengco denied any involvement in the reported disappearance of a P75 million performance bond from an e-sabong firm, stating that it occurred before his time in office. According to Pagcor, the alleged disappearance of the funds...
A show of force. This was how Vice President and Education Secretary Sara Duterte on Wednesday, May 10, described her appointment as co-vice chairperson of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC). Executive committee meeting of the National Task Force to End Local...
