PAGCOR shuts down two Casino Filipino branches in Talisay, Cebu, and Tagum, Davao del Norte. Employees will be reassigned to other PAGCOR sites.
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced the closure of two Casino Filipino branches in Talisay, Cebu, and Tagum, Davao del Norte, as part of an ongoing rationalization plan. PAGCOR Chairman and CEO Alejandro Tengco cited significant financial losses as the primary reason for the closures.
According to PAGCOR, Casino Filipino Talisay, operated by Casino Filipino Cebu, incurred net losses of Php39.32 million in 2023, which further escalated to Php49.56 million in losses in 2024. Similarly, Casino Filipino Tagum, operated by Casino Filipino Grand Regal, experienced a Php31.56 million net loss in 2023, with losses increasing to Php36.93 million in 2024.
Despite the closures, PAGCOR has assured that no employees will be displaced. Tengco emphasized that employee welfare is a top priority, and that affected staff will be reassigned to other PAGCOR gaming sites.
The 42 employees from Casino Filipino Talisay will be transferred to various branches under Casino Filipino Cebu, while the 33 employees from Casino Filipino Tagum will be deployed to different sites under the Casino Filipino Grand Regal in Davao.
“While our decision was driven by mounting financial losses, safeguarding the welfare of affected employees through job reassignment and comprehensive support programs is our top priority,” Tengco stated.
PAGCOR's Human Resource and Development Group is working closely with the affected employees to ensure a smooth transition, providing guidance and assistance during the reassignment process. The agency's focus remains on streamlining operations while supporting its workforce.
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