Philippines’ National Economic and Development Authority (NEDA) Favors Privatization Of PAGCOR’s Casinos

Philippines’ National Economic and Development Authority (NEDA) Favors Privatization Of PAGCOR’s Casinos

The Philippines’ National Economic and Development Authority (NEDA) says that PAGCOR operated casinos would be better off in private hands. While studying a proposal to privatize the casinos operated by PAGCOR, the chief of NEDA said that the private sector would be better placed to operate the state-owned casinos.

PAGCOR operates 47 casinos in the country.

Recently, the country’s Department of Finance (DOF) promised to rethink the proposal to privatize PAGCOR-operated casinos.

“GOCCs should adopt structural measures to address any identified anti-competitive behavior relating to their mandate and operations, since the private sector may be in a better position to carry out some of their commercial pursuits,” NEDA Chief said.

“Transparency must be observed in procurement processes and procurement laws, rules and regulations should be applied equally and equitably to GOCCs and firms in the private sector.”

It’s not only the NEDA, but the Governance Commission last year also issued a recommendation to President Rodrigo Duterte “for separation of commercial and regulatory functions [of PAGCOR] due to its conflicting proprietary activities and regulatory functions in which its operation of casinos conflicts with its function as a gaming regulator.”

Recently, China asked the Philippines to ban all online gambling activities in the country. However, President Rodrigo Duterte strictly rejected the Chinese demands and said that POGOS would not be banned.

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