{"id":4173,"date":"2022-12-12T06:41:52","date_gmt":"2022-12-12T06:41:52","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2022\/12\/12\/uproar-over-pagcors-double-agenda-in-the-philippines\/"},"modified":"2022-12-12T06:41:52","modified_gmt":"2022-12-12T06:41:52","slug":"uproar-over-pagcors-double-agenda-in-the-philippines","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2022\/12\/12\/uproar-over-pagcors-double-agenda-in-the-philippines\/","title":{"rendered":"Uproar Over Pagcor\u2019s Double Agenda in the Philippines"},"content":{"rendered":"
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There is uproar in the Philippines over allegedly unfair practices by the country\u2019s regulatory body overseeing gambling and casino activities, Philippine Amusement and Gaming Corp (Pagcor).<\/p>\n

According to local media, the Philippines\u2019 Secretary of Finance, Benjamin Diokno, has stated that Pagcor should limit itself to industry monitoring and no longer engage in direct casino operations through state-controlled venues.<\/p>\n

Pagcor manages state-owned casinos under the \u201cCasino Filipino\u201d brand, as well as licensing and regulating private-sector venues.<\/p>\n

Diokno said:<\/p>\n

\u201cPagcor is a regulator but at the same time it operates gambling companies. That\u2019s wrong. If you\u2019re a regulator, stick to that. You cannot run gambling casinos\u201d\u00a0<\/em><\/p>\n

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\u201cWe can privatise its operations so Pagcor can stick to being a regulator,\u201d<\/em> the secretary continued.<\/p>\n

According to Diokno, the country\u2019s Governance Commission for Government-Owned or Controlled Corporations was already looking into the situation. He also stated that this was brought to light under the previous Duterte government. During this period, there was increased discussion about the privatization of government-owned casinos.<\/p>\n

Diokno supports the establishment of a sovereign wealth fund called as the Maharlika Wealth Fund, into which Pagcor would be required to contribute 10% of its total gaming earnings.<\/p>\n

The post Uproar Over Pagcor\u2019s Double Agenda in the Philippines<\/a> appeared first on iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

There is uproar in the Philippines over allegedly unfair practices by the country\u2019s regulatory body overseeing gambling and casino activities, Philippine Amusement and Gaming Corp (Pagcor). According to local media, the Philippines\u2019 Secretary of Finance, Benjamin Diokno, has stated that Pagcor should limit itself to industry monitoring and no longer engage in direct casino operations […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-4173","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t