Good Morning. The privatization of PAGCOR is back on the cards, maybe, as Finance Secretary Benjamin E. Diokno’s called out for resolution of ‘conflicting’ regulator cum operator roles. The sale of the national casino assets would raise funds towards the country’s economic recovery.

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What you need to know

  • Philippines Department of Finance called out to demystify PAGCOR’s “conflicting” roles as a regulator cum operator, suggesting the privatization of the country’s casino assets.
  • Landing International’s Integrated Resorts segment revenue zoomed 28 percent at $57.2 million, contributing to narrowing the 2Q22 loss to $13.4m.

On the radar


AGB Intelligence

ON THE GROUND

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PAGCOR privatization is back in the cards, maybe 

PAGCOR privatization back in the cards, call to resolve ‘conflicting’ roles
Philippines Department of Finance called out to demystify PAGCOR’s “conflicting” roles as regulator cum operator, suggesting the privatization of Philippines Amusement and Gaming Corporation casino assets, raising funds towards the country’s economic recovery. Finance Secretary Benjamin E. Diokno’s pronouncement follows his remarks to lawmakers during the Development Budget Coordination Committee briefing with the House Appropriations Committee last Friday that the government “will be very aggressive in our privatization effort.”

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Industry Updates

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