{"id":5449,"date":"2023-08-16T11:13:54","date_gmt":"2023-08-16T11:13:54","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=5449"},"modified":"2023-08-16T11:15:34","modified_gmt":"2023-08-16T11:15:34","slug":"pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/","title":{"rendered":"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg\" alt=\"Philippine Amusement and Gaming Corporation\" width=\"300\" title=\"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025\" class=\"alignright size-full wp-image-5432\" \/><strong>Summary:<\/strong><\/p>\n<ul>\n<li>PAGCOR casinos will sell with a starting price of PHP60 billion, lower than the initially announced price of PHP80 billion<\/li>\n<li>The bidding process will likely begin in the third quarter of 2025<\/li>\n<li>PAGCOR boss Alejandro Tengco reiterates that the agency should only be a regulator<\/li>\n<\/ul>\n<p>The <strong>Philippine Amusement and Gaming Corporation<\/strong> (PAGCOR) has announced that it will sell its self-run casinos at a starting price of PHP60 billion (US$1.06 billion), with <a href=\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-chief-says-casino-privatization-and-bidding-process-could-start-in-2025\/\">the sell-off process likely to begin in 2025<\/a>. <\/p>\n<p>PAGCOR Chair <strong>Alejandro Tengco<\/strong> talked about the plan during the agency\u2019s 2024 budget hearing with the House Committee on Appropriations on August 14.<\/p>\n<h2>Starting Price Set at PHP60 Billion <\/h2>\n<p>The latest price is lower than what was indicated in March when Tengco first announced plans to privatize the state-run casinos by the end of his term in 2028. The PAGCOR boss initially set an asking price of PHP80 billion for the 45 properties operating throughout the Philippines under the <a href=\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-will-look-to-launch-its-casinofilipino-com-website-in-2024\/\">Casino Filipino brand<\/a>. <\/p>\n<p>Philippine President <strong>Ferdinand Marcos<\/strong> already gave the green light to the proposal and PAGCOR is expected to open the bidding process in the third quarter of 2025, according to Tengco. The PHP60 billion price is a \u201c<em>minimum<\/em>\u201d estimate and it will likely rise as the agency expects multiple entities to take part in the bidding. The PAGCOR chief also confirmed that they\u2019re already doing some study on the process.<\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/n8lrI9VRsgQ?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>&nbsp;<\/p>\n<p>The <strong>Department of Finance and House Rep. Joey Salceda<\/strong> previously gave their estimates regarding the price of the PAGCOR-operated chain of casinos, with the figure going as high as PHP250 billion. But Tengco clarified that projection took into account a number of real estate valuations associated with the agency. <\/p>\n<p>Tengco previously stated that some parties had already expressed interest in the privatization, though he did not name names.<\/p>\n<p>While the privatization plan has gained widespread support from government officials, not everyone is sold on the idea, including <strong>House Rep. Rufus Rodriguez<\/strong>. The Cagayan De Oro City 2nd District representative will reportedly attempt to block the plan through a resolution. Rodriguez thinks it is not wise to sell the properties at this time as their revenue will likely increase as the Philippine casino industry continues to grow. <\/p>\n<h2>PAGCOR Aiming to Focus on its Regulatory Duties<\/h2>\n<p>During this week\u2019s budget hearing at the House of Representatives, Tengco reiterated that the main goal of privatizing the state-run casinos is to allow PAGCOR to focus on its role as a gaming regulator. The agency is currently the only gaming authority in the world that also operates casinos. Tengco said such a setup is \u201c<em>inappropriate and unethical<\/em>\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: PAGCOR casinos will sell with a starting price of PHP60 billion, lower than the initially announced price of PHP80 billion The bidding process will likely begin in the third quarter of 2025 PAGCOR boss Alejandro Tengco reiterates that the agency should only be a regulator The Philippine Amusement and Gaming Corporation (PAGCOR) has announced [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-5449","post","type-post","status-publish","format-standard","hentry","category-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025<\/title>\n<meta name=\"description\" content=\"The PAGCOR has announced that it will sell its self-run casinos at a starting price of PHP60 billion, with the sell-off process likely to begin in 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025\" \/>\n<meta property=\"og:description\" content=\"The PAGCOR has announced that it will sell its self-run casinos at a starting price of PHP60 billion, with the sell-off process likely to begin in 2025.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Top 10 Casino Websites\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-16T11:13:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-16T11:15:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg\" \/>\n<meta name=\"author\" content=\"Carolyn Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carolyn Dutton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/\",\"name\":\"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025\",\"isPartOf\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg\",\"datePublished\":\"2023-08-16T11:13:54+00:00\",\"dateModified\":\"2023-08-16T11:15:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/e3d883f1cadadbf981f347183b068922\"},\"description\":\"The PAGCOR has announced that it will sell its self-run casinos at a starting price of PHP60 billion, with the sell-off process likely to begin in 2025.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#primaryimage\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg\",\"contentUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg\",\"width\":380,\"height\":250,\"caption\":\"Philippine Amusement and Gaming Corporation\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.top10casinowebsites.net\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#website\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/\",\"name\":\"Top 10 Casino Websites\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.top10casinowebsites.net\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/e3d883f1cadadbf981f347183b068922\",\"name\":\"Carolyn Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/carolyn-dutton.jpg\",\"contentUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/carolyn-dutton.jpg\",\"caption\":\"Carolyn Dutton\"},\"description\":\"Carolyn is our legislation expert, with a background in law she is able to cover the current state of gambling around the world\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/author\/carolyn\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025","description":"The PAGCOR has announced that it will sell its self-run casinos at a starting price of PHP60 billion, with the sell-off process likely to begin in 2025.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/","og_locale":"en_US","og_type":"article","og_title":"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025","og_description":"The PAGCOR has announced that it will sell its self-run casinos at a starting price of PHP60 billion, with the sell-off process likely to begin in 2025.","og_url":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/","og_site_name":"Top 10 Casino Websites","article_published_time":"2023-08-16T11:13:54+00:00","article_modified_time":"2023-08-16T11:15:34+00:00","og_image":[{"url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg","type":"","width":"","height":""}],"author":"Carolyn Dutton","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Carolyn Dutton","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/","url":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/","name":"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025","isPartOf":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#primaryimage"},"image":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg","datePublished":"2023-08-16T11:13:54+00:00","dateModified":"2023-08-16T11:15:34+00:00","author":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/e3d883f1cadadbf981f347183b068922"},"description":"The PAGCOR has announced that it will sell its self-run casinos at a starting price of PHP60 billion, with the sell-off process likely to begin in 2025.","breadcrumb":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#primaryimage","url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg","contentUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2023\/07\/philippine-amusement-and-gaming-corporation.jpg","width":380,"height":250,"caption":"Philippine Amusement and Gaming Corporation"},{"@type":"BreadcrumbList","@id":"https:\/\/www.top10casinowebsites.net\/news\/pagcor-casino-privatization-sale-likely-to-begin-during-q3-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.top10casinowebsites.net\/news\/"},{"@type":"ListItem","position":2,"name":"PAGCOR Casino Privatization Sale Likely to Begin During Q3, 2025"}]},{"@type":"WebSite","@id":"https:\/\/www.top10casinowebsites.net\/news\/#website","url":"https:\/\/www.top10casinowebsites.net\/news\/","name":"Top 10 Casino Websites","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.top10casinowebsites.net\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/e3d883f1cadadbf981f347183b068922","name":"Carolyn Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/carolyn-dutton.jpg","contentUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/carolyn-dutton.jpg","caption":"Carolyn Dutton"},"description":"Carolyn is our legislation expert, with a background in law she is able to cover the current state of gambling around the world","url":"https:\/\/www.top10casinowebsites.net\/news\/author\/carolyn\/"}]}},"_links":{"self":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts\/5449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/comments?post=5449"}],"version-history":[{"count":0,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts\/5449\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/media?parent=5449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/categories?post=5449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/tags?post=5449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}