PAGCOR Plans Sale of Casino Filipino Business at Preliminary Valuation of P20-30 Billion
Asian gaming media AGB reported on October 14 that the Philippine Amusement and Gaming Corporation (PAGCOR) plans to sell its Casino Filipino business at a preliminary valuation of between 20 billion and 30 billion pesos, about US$318 million to US$477 million. PAGCOR expects the business to post losses of at least 7 billion pesos in 2026. Casino Filipino operates 35 casinos, 12 directly run and 23 under revenue-sharing arrangements. PAGCOR chairman Alejandro Tengco said the target for exiting the casino operations business is the third to fourth quarter of 2027.
Source: GSM · USA (original Chinese edition)
Photo: 马尼拉天际线夜景。图片来源：Wikimedia Commons，jopetsy 摄，CC BY 2.0 授权
