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Philippine PAGCOR Choose the Road of Pure Regulation

22 september 2023
Author: James Burton

The gambling organisation of the Philippines PAGCOR is set to become a pure regulator as previously, the company also functioned as an operator. The transition is planned to be lasting till 2025.

Goals of the Organisation’s Decision

PAGCOR regulatory body in the Philippines

The corporation wants to shift its focus to the regulation field to the fullest. The new strategy includes the necessity to move into a unified corporate office. Such a step will help with improving coordination and interaction activities. This will also impact the effectiveness and productivity of the work.

Here are 2 key goals of the company’s transition:

  • levelling the gambling segment;
  • ensuring further development and vitality for market participants.

PAGCOR’s Chief Executive Officer and Chairman Alejandro Tengco said that the organisation approaches the alteration of operational processes with all seriousness. He also mentioned that they need to slightly change the corporate structure and revise some procedures. These amendments will bring more responsiveness and competitiveness to the business work and the country’s industry in general.

Social Doubts and Staff Negotiations

Some market representatives question the real intentions of the Philippine regulatory body. The reason lies in the fact that the corporation announced the launch of a new iGaming platform this Summer. It was planned to present in the 1st quarter of 2024.

Another potentially problematic part is the need to reorganise the staff. Although the company’s decision to exit the operator segment may bring positive results, it also affects some workers' lives. However, Mr Tengco reassures the employees that PAGCOR searches for ways to avoid any displacements.

During the recent few months, the group’s representatives have run several meetings with the personnel to comfort the people. The CEO also added that many workers support the corporation’s transition and express their trust.

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