Philippine Amusement and Gaming Corporation

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Bookmaker
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Philippine Amusement and Gaming Corporation

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The Philippine Amusement and Gaming Corporation (PAGCOR) is a government-owned and controlled corporation in the Philippines. It is the regulatory body and operator of various gaming activities in the country. PAGCOR was established in 1977 through Presidential Decree 1067-A, with the goal of generating revenues for the Philippine government and promoting tourism and economic development.

PAGCOR has several key functions and responsibilities:

Regulation of the gaming industry: PAGCOR is responsible for regulating and overseeing all forms of gambling and gaming activities in the Philippines, including casinos, electronic gaming, sports betting, and online gambling. It grants licenses and regulates the operations of gaming establishments to ensure they adhere to legal and ethical standards.

Casino operations: PAGCOR directly operates several casinos in the Philippines, including Casino Filipino branches located in various cities nationwide. These casinos offer a range of gaming options, such as slot machines, table games, and other forms of entertainment.

Revenue generation: PAGCOR's primary objective is to generate revenue for the Philippine government. It accomplishes this by collecting fees, taxes, and a share of the revenues from licensed gaming operators. These funds contribute to various government programs, such as infrastructure development, healthcare, education, and social welfare.

Social responsibility programs: PAGCOR also implements social responsibility programs aimed at mitigating the potential negative effects of gambling. It supports initiatives for responsible gaming, problem gambling prevention, and treatment of gambling addiction. Additionally, PAGCOR provides funding for various charitable and socio-civic projects across the country.

It is important to note that PAGCOR operates under the guidance and oversight of the Office of the President of the Philippines and is subject to the regulations and policies set by the Philippine government.
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