PAGCOR Chief Warns of Gaming Industry Strain Amid Middle East Tensions

Philippine Amusement and Gaming Corporation Chairman and CEO Alejandro H. Tengco said the Philippine gaming industry is beginning to feel the strain of ongoing tensions in the Middle East, with elevated fuel prices affecting business activity and mobility.

(From left) PAGCOR Chairman and Alejandro H. Tengco with La Vie Resort and Casino’s Chief Business Officer Aurelio Tablante (middle) and Inside Asian Gaming CEO and Vice Chairman Andrew W. Scott. (Photo: PAGCOR)

Speaking on April 14 at the 34th Manila After Dark event hosted by Inside Asian Gaming, Tengco noted that the impact of rising fuel costs is already evident.

“This is not a good time for everyone,” he said.

“Gaming jurisdictions globally are feeling the impact of the oil crisis, and even more progressive markets like Singapore, Macau, and the United States are not spared.”

He said these external pressures are affecting not only gaming operators but also broader industry stakeholders. Still, Tengco underscored the importance of maintaining engagement across the sector during periods of uncertainty.

“Being together like this allows us to reconnect—as clients, suppliers, and partners—which is important, especially in difficult times,” he said.

He emphasized that continued dialogue and collaboration will be key to navigating evolving market conditions.

“It is important that we come together, continue these conversations, and support each other as an industry,” he added.

Tengco also said PAGCOR is prepared to adjust its strategies in response to changing conditions, while ensuring responsible gaming remains central to its mandate.

He likewise addressed the long-standing proposal to separate PAGCOR’s regulatory and commercial roles, noting that the Governance Commission for GOCCs is still reviewing the plan.

“Many are asking for the decoupling, and we are awaiting the decision of the GCG,” he said. “If we receive approval to privatize, it will be a game changer.”