Philippine Amuse and Gaming Corporation (Pagcor) is keen to start privatizing 45 casinos operating by mid-2025
At a hearing conducted by the House Appropriations Committee, Tengco said the expected privatization proceeds were conservative, but Pagcor would improve casinos and increase their value, making them more attractive to buyers. “That’s a minimal estimate, but we expect [the amount] to increase because [privatization] goes through [competitive] bids,” he said. Privatisation would generate between…