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PAGCOR says Middle East tensions are raising costs across Philippine gaming

Regulation

PAGCOR chairman and chief executive Alejandro H. Tengco said on 14 April that rising fuel prices linked to Middle East tensions are affecting the Philippine gaming sector and its wider ecosystem. He said PAGCOR is prepared to adjust its strategies; the Governance Commission for GOCCs is still assessing a proposed separation of the authority’s regulatory and commercial functions, including possible privatisation.

Rising energy costs could affect Philippine gaming operators and suppliers, while PAGCOR’s potential restructuring remains under review.

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Regulation

PAGCOR says Philippine gaming rules must adapt as industry changes

PAGCOR Chairman and CEO Alejandro H. Tengco said the regulator should update its framework as the Philippine gaming industry changes, while maintaining predictable rules for licensed operators. Tengco cited a proposal to separate PAGCOR’s regulatory and operating functions, which remains under review by the Governance Commission for Government-Owned or Controlled Corporations. If that review is completed, the proposal will go to the Office of the President, which could issue an executive order if President Ferdinand Marcos Jr. finds merit in it.

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