By SectorWire desk ·
The report said that Geronimo Law identified venue lease transfers and possible staff-retention requirements as factors in PAGCOR’s Casino Filipino sale. The law firm said those terms could affect completion and price.
Lease and staffing terms could alter the sale’s outcome and valuation.
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The proposed separation would change PAGCOR's responsibilities for regulation and casino operations.
The certification covers 16 sites and branches within PAGCOR's Casino Filipino operations.
The certification applies to 16 sites in PAGCOR’s Casino Filipino network.
The certification covers quality standards at the selected Casino Filipino locations.
Staff-retention conditions could affect bidding values for PAGCOR’s planned casino disposals.
Landlord consent and employee obligations could affect the sale process and bid values.