{"id":9187,"date":"2025-05-30T06:25:06","date_gmt":"2025-05-30T06:25:06","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/05\/30\/pagcor-leadership-resigns-as-observers-weigh-intentions\/"},"modified":"2025-05-30T06:25:06","modified_gmt":"2025-05-30T06:25:06","slug":"pagcor-leadership-resigns-as-observers-weigh-intentions","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/05\/30\/pagcor-leadership-resigns-as-observers-weigh-intentions\/","title":{"rendered":"PAGCOR Leadership Resigns as Observers Weigh Intentions"},"content":{"rendered":"<div>\n<p>The entire leadership of PAGCOR has stepped aside, submitting courtesy resignations just as a national directive pushes for leadership changes across government-owned corporations. Whether these resignations signal cooperation or political maneuvering remains open to interpretation.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>All top PAGCOR officials have submitted courtesy resignations.<\/strong><\/em><\/li>\n<li><em><strong>PAGCOR earnings for Q1 2025 exceeded government targets.<\/strong><\/em><\/li>\n<li><em><strong>The agency recently contributed 75% of its net income to the Treasury.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>On May 29, PAGCOR Chairman and CEO Alejandro Tengco confirmed that he and four other top executives handed in their resignations. President and COO Wilma Eisma, along with directors Jose Maria Ortega, Francis Democrito Concordia, and Gilbert Cesar Remulla, also stepped down. Tengco clarified that their decision aligns with the national government\u2019s push to reorganize leadership within government-owned and controlled corporations (GOCCs).<\/p>\n<p><em>\u201cWe serve at the pleasure of the President and we will accept whatever the Chief Executive\u2019s decision will be,\u201d<\/em> Tengco said in a public statement.<\/p>\n<p>The resignations followed a directive from Malaca\u00f1ang that called for voluntary exits from GOCC leaders as part of President Ferdinand Marcos Jr.\u2019s broader management reshuffle. As of now, the Office of the President has not confirmed whether any of the PAGCOR board members will return. 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In Q1 2025, it posted PHP28 billion ($502.9 million) in revenue\u2014an 11.2% year-on-year increase and well above the government target of PHP26.88 billion ($483.5 million). Most of the income came from gaming operations and license fees, which accounted for 91% of the total.<\/p>\n<p>Expenses dropped 15.5% compared to the same period last year, totaling PHP6.22 billion ($111.9 million). Net income grew 23% to PHP4.22 billion ($75.9 million).<\/p>\n<p>Earlier in May, the agency transferred PHP12.67 billion ($228 million) to the National Treasury, contributing 75% of its 2024 net income\u2014far above its required share.<\/p>\n<h2>Social and Military Support Projects Continue<\/h2>\n<p>Outside of gaming, PAGCOR has maintained involvement in national development. On May 24, Tengco attended a military Rites of Passage event in Tarlac, where he restated the agency\u2019s backing for the Armed Forces of the Philippines. The agency has also helped fund construction projects for the military, including gyms and barracks.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Tengco\u2019s time in office has included visible support for infrastructure efforts, <a href=\"https:\/\/igaming.org\/responsible-gaming\/\">responsible gambling<\/a> programs, and social services.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/pagcor-leadership-resigns-as-observers-weigh-intentions\/\">PAGCOR Leadership Resigns as Observers Weigh Intentions<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The entire leadership of PAGCOR has stepped aside, submitting courtesy resignations just as a national directive pushes for leadership changes across government-owned corporations. Whether these resignations signal cooperation or political maneuvering remains open to interpretation. Good to know All top PAGCOR officials have submitted courtesy resignations. PAGCOR earnings for Q1 2025 exceeded government targets. The [&hellip;]<\/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-9187","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9187"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9187\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}