PAGCOR chief Alejandro H. Tengco said the regulator expects the Philippines’ gaming gross revenue to reach $7 billion in 2025, citing growth in eGames. PAGCOR is also pursuing the eventual privatisation of Casino Filipino venues as it focuses on regulation.
The revenue target and planned privatisation indicate the regulator’s priorities for the Philippines’ gaming sector.
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PAGCOR chairman and chief executive Alejandro Tengco said the Governance Commission for Government-Owned and Controlled Corporations was expected to endorse PAGCOR’s proposed separation from Casino Filipino before the proposal goes to President Ferdinand Marcos Jr for consideration. Tengco also said PAGCOR planned to launch an app in the fourth quarter to help players identify legitimate online gaming platforms.
PAGCOR chairman and chief executive Alejandro Tengco said the Governance Commission for Government-Owned and Controlled Corporations is expected to endorse PAGCOR’s proposal to separate its regulatory role from its Casino Filipino operations. The proposal would then go to the Office of the President for consideration; an executive order would be needed to proceed. Tengco also said PAGCOR plans to launch an app in the fourth quarter to direct users to regulated sites.
PAGCOR expects to raise PHP20bn to PHP30bn ($318m to $477m) from selling its Casino Filipino business, chairman Alejandro Tengco said, with a final valuation not yet set. The regulator aims to exit casino operations in Q3 or Q4 2027, pending presidential approval of its decoupling plan. Losses at the state-run chain are expected to reach at least PHP7bn ($111m) this year, reported by The Philippine Star.
The Philippine Amusement and Gaming Corporation is looking to raise between PHP20 billion and PHP30 billion, or $318 million to $477 million, by selling its Casino Filipino business as part of a separation of its casino operations from its regulatory role. According to the company's chairman and chief executive, Tengco, the final valuation has not been set. The Philippine Star reported that the regulator aims to exit casino operations by the third or fourth quarter of 2027.
PAGCOR has obtained ISO 9001:2015 certification covering 16 of its Casino Filipino sites. The Philippine gaming regulator announced the certification on Friday.
It was reported that Geronimo Law assessed staffing issues linked to the planned PAGCOR sale of around 40 Casino Filipino properties. Its analysis said buyers could resist staff-retention obligations and potentially lower their bids.