Tengco stated at the Asian Gaming Institute Summit held at the Hilton Hotel in Pasay City that PAGCOR will focus on its role as a regulatory body, ensuring fair competition among all stakeholders.
Tengco expects that by privatizing over 40 casinos nationwide, PAGCOR will raise at least 50 billion Philippine pesos. He also assured that affected employees will receive generous pensions, and bidders are required to absorb at least 50% to 70% of the employees. Additionally, PAGCOR plans to establish a gaming academy to enhance professional skills in the gaming and hospitality industries to meet the industry's demand for talent.
Meanwhile, PAGCOR is also prioritizing modernization upgrades, including the introduction of nearly 2,000 new slot machines, to enhance the attractiveness and profitability of its casinos.
