• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 28 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Sale of PAGCOR-operated casinos put on hold: Domingo

Newsdesk by Newsdesk
Wed 26 Sep 2018 at 06:18

PAGCOR chair Andrea Domingo

Print Friendly, PDF & Email

The long-awaited sale of PAGCOR-operated casinos has been put on hold, according to the head of the Philippines gaming regulator.

In an exclusive interview with Inside Asian Gaming, PAGCOR chairman and CEO Andrea Domingo revealed that the government was no longer focused on selling its casino licenses anytime soon, with the solid growth of the local gaming industry proving too lucrative to give up.

“You know, [the PAGCOR casinos] are holding up quite well. Last year they contributed Php22 billion (US$405.5 million) to our Php60 billion earnings and this year we’re looking at about Php26 billion to Php27 billion,” Domingo told IAG.

Asked if that meant PAGCOR would instead continue as both an operator and a regulator, Domingo said, “I think for the next few years, because they’re still profitable – because the PAGCOR owned and operated casinos, the GGR they yield goes directly to the government, 100%.

“With the IRs, our share of the GGR is about 19.5% so if you look into that and the contribution to the national government every year, if you take this out it will take five years for a new IR to contribute that amount which automatically lessens our net contribution to the national government by Php22 billion for at least for the next 10 years.”

PAGCOR first announced in August 2016 its intention to sell its 47 casinos under order of President Rodrigo Duterte, with the goal of raising funds towards the national budget.

It later stated that the sale of its licenses would begin in 2018 and in January this year revealed it had singled out 17 individual casinos under its operation to be offered to interested parties under phase one of the sell-off.

However, Domingo told IAG that no discussions with prospective buyers have taken place.

“Actually it is prohibited for us to talk to anybody who wants to buy because of the procurement law,” she said. “The issues that are being raised about PAGCOR owning casinos as well as regulating privately owned casinos, that it’s a conflict of interest, this doesn’t actually happen because being a government office, I have to go through procurement law – which is a nightmare.

“So I think the privatization thing, there’s really nothing to sell because all of the casinos that we own and operate are in venues that are not owned by us but only leased by us.”

Domingo added that although PAGCOR-operated casinos could not compete with the scale of or revenue generated by Manila’s Entertainment City IRs, “We’re keeping our market because we have a niche in the gaming industry.

“There’s a certain cultural characteristic of the Filipinos, the ‘Suki’ mentality,” she said. “They’re so used to dealing with these people, the personalized service, the ‘hi, hello’, they know each other’s first names – those are what the IRs will never be able to take from PAGCOR.”

The full interview with Domingo will feature in the upcoming October edition of Inside Asian Gaming, available from next week.

 

RelatedPosts

IAG announces 100 official judges for 2025 IAG Academy IR Awards at Newport World Resorts on Tuesday 9 September

IAG announces 100 official judges for 2025 IAG Academy IR Awards at Newport World Resorts on Tuesday 9 September

Wed 27 Aug 2025 at 13:03
The Mall | NUSTAR Cebu wins three awards at 13th PropertyGuru Philippines Property Awards

The Mall | NUSTAR Cebu wins three awards at 13th PropertyGuru Philippines Property Awards

Wed 27 Aug 2025 at 04:49
More reasons to visit Clark

Hann postpones US$207 million IPO due to poor market conditions

Sun 24 Aug 2025 at 11:19
Winford Resort & Casino Manila becomes first Philippines gaming complex to commit to 30% plant-based menu by 2026

Winford Resort & Casino Manila becomes first Philippines gaming complex to commit to 30% plant-based menu by 2026

Fri 22 Aug 2025 at 05:40
Load More
Tags: Andrea DomingoPAGCORpagcor casinosPhilippines
Share19Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Solutions Showcase: LT Game – Game Time

Macau’s Paradise Ent sees revenue rise 19% in 1H25 but notes need for regional expansion as impact of satellite casino closure nears

by Ben Blaschke
Thu 28 Aug 2025 at 06:06

Macau’s Paradise Entertainment has outlined its efforts to expand both its gaming equipment supply business and casino management experience across Asia after admitting it will suffer a material decline in revenue and profit once its contract to provide management services...

Analysts puzzled as combined market cap of Macau concessionaires falls back to 2022 COVID levels

Hong Kong Stock Exchange confirms delisting of LET Group and Summit Ascent scheduled for 1 September

by Newsdesk
Thu 28 Aug 2025 at 05:32

Following the recent announcement by Hong Kong’s LET Group Holdings and its subsidiary Summit Ascent Holdings that they were scheduled to be delisted at the end of this month, the Hong Kong Stock Exchange has confirmed that the listing of...

Aristocrat’s acquisition of ETG supplier Interblock said to have stalled over price

Aristocrat Gaming launches new “positive play” website

by Newsdesk
Thu 28 Aug 2025 at 05:30

Aristocrat Gaming has launched a new responsible gaming website designed to educate and enable players on smarter, more informed play. Part of the company’s “Know Your Max” campaign launched in 2023. The new website, KnowYourMax.com, provides a suite of positive...

RGB International signs agreement to distribute KL Saberi and Atlas gaming machines

RGB sees sequential improvement in 2Q25 on revenues of US$22.4 million

by Ben Blaschke
Thu 28 Aug 2025 at 05:13

Malaysian gaming product distributor RGB International Bhd reported group-wide revenue of MYR94.9 million (US$22.4 million) for the three months to 30 June 2025, down 5% year-on-year but 29% higher than the March 2025 quarter. In a filing, RGB explained that...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English