Image Source https://en.wikipedia.org/wiki/File:Casino_Filipino_Angeles.jpg

PAGCOR’s Tengco: Casino Filipino to be modernized before privatized

July 17, 2023 Philippines Industry Updates

Philippine Amusement and Gaming Corporation (PAGCOR), the country’s principal gaming regulatory agency, has said that Casino Filipino’s communication and management systems need to be upgraded before privatization

Original story by Viviana Chan for Asia Gaming Brief

In a keynote speech at the Asian IR Expo + Global Gaming Expo (G2E) Asia 2023 in Macau, the Philippine Amusement and Gaming Corporation’s (PAGCOR) chairman, Alejandro H. Tengco, says that the regulator is undertaking efforts to upgrade its gaming venues to add value to the properties before its casinos are privatized.

Tengco explains that it plans to modernize PAGCOR‘s Information and Communications Technology and Cybersecurity infrastructure, including its Casino Management System and introduction of the Casino Filipino Online. At the same time, they will upgrade more than 3,000 Electronic Gaming Machine (EGM) units in PAGCOR-operated casinos and update the PAGCOR Technical Standards for Electronic Gaming Machines.

The agency believes that these updated technical standards will ensure that the devices deployed in all casino properties within the jurisdiction of PAGCOR are “safe, reliable, and fair” for players.

“As part of our aim to strengthen PAGCOR‘s regulatory functions, the management is committed to combating the proliferation of illegal gambling and other social illnesses by continuously coordinating with various law enforcement agencies,” notes the PAGCOR Chairman.

“By focusing on its regulatory functions, PAGCOR will be able to avoid the complexities of running two different shows. It can also streamline its processes and create more revenues that will fund more high-impact government projects,” states the PAGCOR chair.

PAGCOR recently commemorated its 40th year and has projected that the agency will reach USD 70B-worth of earnings by this year’s end.

The government corporation is active in the government’s running campaign against illegal gambling and POGOs involved recently in a number of anti-POGO drives by the government.