The Philippine Amusement and Gaming Corporation (PAGCOR) is withinside the manner of transitioning closer to turning into a in simple terms regulatory frame. Previously, PAGCOR labored as each an operator and a regulator, however now needs to consciousness all of its efforts completely on regulation.
During a latest event, wherein PAGCOR Chairman Alejandro H. Tengco became the keynote speaker, he introduced PAGCOR’s plan to shift to a in simple terms regulatory function.
Interestingly, this assertion comes only some months after PAGCOR discovered it became going to release its on-line on line casino called Casino.Filipino.com, in the course of Q1 2024.
The cause for PAGCOR’s shift is a part of the agency’s aim to “stage the gambling area and make certain destiny boom and viability for all gaming enterprise players.”
“We have commenced making ready for this transition in earnest and we’re beginning wherein it topics most – inside PAGCOR itself,” Tengco commented, including that the manner have to be finished via way of means of 2025.
However, following the information of its rebrand and public caution about faux on-line playing sites, the frame actually desires to prioritise its guidelines over whatever else proper now.
Despite the superb consequences that would get up from taking itself out of the operator market, the shift should effect a few personnel withinside the enterprise, so PAGCOR may be crafting plans to keep away from displacement, mainly in PAGCOR-operated on line casino’s.
“We were going across the us of a in the course of the beyond few months, protecting metropolis corridor conferences with our personnel. We inform them there may be no cause to fear due to the fact we’ve plans in area to mitigate, if now no longer completely keep away from, any employees displacement.”
The PAGCOR Chairman additionally stated the frame is “making important adjustments in its company structure, commercial enterprise tactics and tactics to make it extra responsive and competitive.”
Transition plans consist of getting into a unmarried company workplace to decorate coordination, performance and overall performance in addition to modernising present casinos to draw extra players.