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Suntrust signals possible PAGCOR gaming-system administrator accreditation

Licences & markets

Suntrust Resort Holdings said it may seek accreditation for a project entity as a Gaming System Administrator under PAGCOR’s online gaming framework. Chief financial officer Yip Ho Chi raised the possibility in a response to a Philippine Stock Exchange inquiry about negative stockholders’ equity; no accreditation decision was reported.

A potential accreditation could give Suntrust a route into supplying and operating systems for licensed online gaming operators in the Philippines.

Earlier licence decisions by PAGCOR

DateCompanyAmountStoryAppeal status
RGB International, Light & WonderNot statedRGB enters Philippine online gaming as an accredited content providerNot stated
Playson, Light & WonderNot statedPAGCOR approves Playson game distribution in the PhilippinesNot stated
GLINot statedGLI says PAGCOR accreditation expands its testing role in the PhilippinesNot stated
Belle Corporation, Premium LeisureUSD 300,000,000Belle pursues Clark casino partners after provisional PAGCOR licenceNot stated
IEC, New Coast LeisureNot statedIEC plans Philippines online gaming entry as operator talks continueNot stated

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Deals & M&A

PAGCOR targets $318m-$477m from Casino Filipino sale by 2027

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.

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