What is PAGCOR All About? [Everything You Need to Know]

PAGCOR is a vital entity in the Philippine government, contributing significantly to the country’s development and economic growth. PAGCOR has evolved into a significant player in the gambling industry, managing casino operations and regulating gambling licenses. 

PAGCOR was established in 1976 under Presidential Decree No. 1067-A. Its primary objectives were to raise funds for nation-building programs and regulate the gambling industry. PAGCOR operates under a unique regulatory model, balancing its roles as a corporation and a regulatory body.

This article delves into PAGCOR’s core functions, impact, and contributions to the nation.

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What is the purpose of the Philippine Amusement and Gaming Corporation (PAGCOR)?

Casino Operations and Gaming Licenses

Under the PAGCOR chairman, the department operates numerous casinos across major cities and islands in the Philippines, branded under Casino Filipino. These casinos are pivotal in driving the country’s entertainment and tourism industries.

PAGCOR is responsible for issuing licenses to other operators, ensuring that PAGCOR oversees a fair gaming environment. This regulatory framework is crucial in maintaining integrity and trust within the Philippine gaming sector.

Responsible Gambling and Regulation

As a responsible and responsive partner, PAGCOR emphasizes responsible gambling practices. The corporation implements stringent measures to prevent problem gambling, ensuring that gaming remains a form of entertainment without adverse social consequences. 

By fostering responsible gaming, PAGCOR contributes to the well-being of its patrons and the broader community.

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What department is PAGCOR under?

PAGCOR operates under the Office of the President of the Philippines. This organizational structure places PAGCOR directly under the supervision of the country’s highest executive office, ensuring that its operations align with national policies and objectives.

The Office of the President oversees PAGCOR’s activities, including its gaming industry regulation, casinos’ operation, and contribution to national development programs. This direct oversight facilitates accountability and ensures that PAGCOR’s revenue generation and socio-civic initiatives support the broader goals of the Philippine government, including making the Philippines an entertainment destination. 

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What is the mission statement of PAGCOR?

PAGCOR is focused on contributing to national development and economic growth while promoting responsible and fair gaming. The key elements of PAGCOR’s mission are:

Regulation and Operation

PAGCOR is responsible for regulating, operating, authorizing, and licensing games of chance, games of cards, and games of numbers, particularly casino gaming in the Philippines. This ensures all gaming operations comply with stringent regulations and maintain transparency and fairness.

Revenue Generation

PAGCOR aims to generate significant revenue for the government through its gaming operations. This revenue is used to fund various national development and socio-civic programs, contributing to the country’s overall economic stability.

Socio-Economic Development

A substantial portion of PAGCOR’s revenue is allocated to socio-economic development projects. These include infrastructure development, education, healthcare, and disaster relief efforts, all of which aim to improve Filipinos’ quality of life.

Promoting Responsible and Fair Gaming

PAGCOR emphasizes fair gaming practices to prevent problem gambling. It implements strict measures to ensure that gaming remains a form of entertainment without adverse social impacts.

Tourism and Entertainment

PAGCOR significantly boosts the Philippine tourism industry by developing integrated resorts and entertainment destinations. These attractions not only generate tourism revenue but also create employment opportunities.

Overall, PAGCOR’s mission is to be a responsible partner in nation-building, ensuring that the benefits of gaming are harnessed for the betterment of Philippine society​.

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Is PAGCOR legal in the Philippines?

Yes, PAGCOR is legal in the Philippines. It was established by virtue of PD No. 1067-A, issued in 1976, and later consolidated under PD No. 1869, also known as the PAGCOR Charter. This decree not only legalized PAGCOR but also outlined its role and responsibilities in regulating and operating all licensed games in the country.

PAGCOR is a cornerstone of the Philippine gambling and entertainment industry. Through its operations, gambling licenses, and responsible gaming initiatives, PAGCOR contributes to the nation’s economy and supports various Philippine government’s socio-civic and development programs. 

Its impact on cities and major islands underscores its significance as a major partner. Understanding PAGCOR’s multifaceted role provides insight into its essential contributions to the Philippines’ progress and prosperity.