'With all of PAGCOR plans in place, gaming in the Philippines will never be the same again' In the game
“With all of PAGCOR plans in place, gaming in the Philippines will never be the same again”
Tengco, a true-blue Atenista , has struck at the sweet spot in his bid for reforms. Time and circumstances are on his side. Their game plan started rolling in August 2022. This was the date they assumed their posts at PAGCOR, a regular contributor of billions of pesos in revenue to the national coffers.
Now, PAGCOR is trying to cash in on the post-pandemic boom fueled in part by the “revenge spending” of Asian high rollers. This year, the Tengco-led PAGCOR expects to remit to the National Treasury some P50.09 billion, 44 percent more than last year’s P34.67 billion, living up to its role as one of the contributors to nation-building.
Any displacement of personnel that may arise during the privatization, Tengco and his team are ready to address the potential issues.“We tell them there is no reason to worry because we have plans in place to mitigate, if not totally avoid, any personnel displacement.”Driven to succeed, Tengco once told a Manila forum he wanted to make PAGCOR the gold standard in Asian gaming. “We certainly know our potentials and capability to become the gold standard in the Asian gaming scene.