PAGCOR Slams Disinformation On Privatization Plans

It seems there is an employee, Gian Samson, who has been spreading misinformation about the privatization plans of the Philippine Amusement and Gaming Corporation (PAGCOR).

Chairman Tengco explained that the renovation of the Angeles branch is aimed at providing better facilities and services to attract more customers and ensure the profitability of PAGCOR's operations. I Photo: PAGCOR Facebook

PAGCOR Chairman and CEO Alejandro H. Tengco has refuted these claims, stating that such misinformation causes undue demoralization among employees.

Chairman Tengco clarified that there is no truth to Mr. Samson's allegations that PAGCOR plans to spend Php500 million to renovate its Casino Filipino branch in Angeles City. He emphasized that the renovations will be fully covered by the lessor, and PAGCOR will not spend any money on the renovation.

Samson claimed in his social media post that the renovation plan is intended to make the branch more attractive to potential buyers when it is privatized.

However, Chairman Tengco explained that the renovation of the Angeles branch is aimed at providing better facilities and services to attract more customers and ensure the profitability of PAGCOR's operations.

Furthermore, Chairman Tengco stated that PAGCOR's casinos will not be privatized until at least the last quarter of 2025, giving the agency enough time to provide safety nets for affected employees.

He debunked the claim that 10,000 employees would lose their jobs in the privatization, clarifying that many workers will remain in regulatory, enforcement, monitoring, and electronic gaming licensing units.

Chairman Tengco appealed to employees not to believe the lies spread by disgruntled individuals and assured them that PAGCOR is committed to looking after their welfare. He urged employees to allow the agency to do its job effectively.

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