Efraim Genuino, chairman of the Philippine Amusement and Gaming Corporation (Pagcor), the country’s casino operator-cum-regulator, has signed a deal to head the organisation for another five years, sources tell Asian Gaming Intelligence.
It had been widely expected that Dr Genuino would step down ahead of the country’s presidential election in the spring. There was even talk of the leading presidential candidates favouring ‘privatisation’ of Pagcor, though details of how that would have worked were thin on the ground.
The source told AGI: “It seems there was cross-party support for the chairman, based on his work in organising the Manila Bay gaming project. I think it’s safe to say that the idea of privatising Pagcor has also now gone away.”