The Philippine Amusement and Gaming Corporation is proceeding with the privatization of its owned casino facilities. Company leadership confirmed that the Governance Commission for GOCCs will deliver its formal recommendation to the Office of the President this August.
Asset Restructuring and Approval Timeline
The initiative aims to separate state-owned gaming venues from the corporation’s direct operational control. Alejandro Tengco, serving as chair and chief executive officer, outlined the transition strategy during a recent media briefing. The restructuring process will transfer management of existing properties to private operators while preserving established licensing requirements.The Governance Commission is currently reviewing the proposed framework before its August submission. Regional market conditions, including ongoing geopolitical developments in the Middle East, continue to shape broader sector operations and financial planning. Information regarding the August timeline was reported by the Philippine Star.