Philippine Amusement And Gaming Corporation Privatizes Casinos

The Philippine government has decided to sell all casinos operated under the Philippine Amusement and Gaming Corporation known as PAGCOR. The main reason behind this decision of the Philippine government is to focus on their regulatory function further. Andrea Domingo, Casino games Quoting PAGCOR chair of The Philippine Star has reported about how funds can be raised from this recent decision for Casino games privatizing all casinos operated by PAGCOR.

This smart approach does not fail to support the P3.35-trillion 2017 national budget proposed by the Philippine Government. Even though Domingo did not say about the overall income from the privatization of government casinos and how to reap benefits from offshore casino games, she gave the lawmakers regarding an idea about the annual revenues of casinos owned by the government. Carlos Dominguez, Casino games Finance Secretary revealed different aspects of privatization of PAGCOR owned casinos.

There are many important issues told by Domingo to legislators during the latest budget briefing at the House of Representatives of the Philippines. She has ensured that the government officials have been preparing the best suitable template for the planned casinos privatization with an aim to maximize the overall benefits for the government in the upcoming days.