A study is already underway by the Philippine Amusement and Gaming Corporation to look into the possibility of selling over 40 productive assets in an effort to end a conflict of interest that is coming into play from being an operator as well as a regulator.
Local media quotes the PAGCOR Assistant Vice President for Corporate Communications, Maricar Bautista, on the subject, confirming the study and discussing how it will take time due to the valuation of the assets involved.
The report states that PAGCOR is the third largest provider of revenue to the government, having $679 million in assets as reported by June’s end. The group currently operates 11 branches of Casino Filipino. Andrea Domingo is the new head of the group who spoke during a budget hearing two months ago within the House of Representatives that the administration of PAGCOR is getting ready to privatize after Carlos Dominguez, the Finance Secretary, sent out a directive.