A Congressman in the Philippines is calling for the abolition of PAGCOR and for it to be replaced with a new agency called PAGCOM.
Bukidnon 2nd District Representative Jonathan Keith Flores, who is also the chairperson of the House Committee on Government Reorganization, proposed on Saturday to abolish state-run gaming firm Philippine Amusement and Gaming Corporation and privatise its self-operated casinos.
In its place, Flores’ proposal aims to create the Philippine Amusement and Gaming Commission to regulate gaming operations in the country.
Flores announced in a news release on Saturday that he adopted House Bill 3559, originally authored by former Batangas lawmaker and current Finance Secretary Ralph Recto, as his own. The bill seeks to address PAGCOR’s conflicting roles as both regulator and operator by privatizing state-run casinos.
“I adopted House Bill 3559 because it will abolish PAGCOR, transfer its regulatory powers to PAGCOM and privatise all existing PAGCOR operations and casinos, including all PAGCOR online gaming,” Flores stated.
Source: Asia Gaming Brief
