PAGCOR, an acronym for the Philippine Amusement and Gaming Corporation, is a governmental agency and regulator responsible for overseeing and controlling the gaming industry in the Philippines. Established in 1977, PAGCOR operates under the direct supervision of the Office of the President of the Philippines.
PAGCOR's primary mandate involves the regulation, licensing, and operation of all games of chance, casinos, and other gambling establishments within the country. It ensures the integrity, transparency, and fairness of gaming operations, aiming to promote responsible and sustainable gambling practices.
Furthermore, PAGCOR manages and operates its own casinos and gaming facilities, which generate revenue to support various socio-civic projects and programs, including education, healthcare, infrastructure development, and livelihood initiatives across the Philippines. The corporation also collaborates with local government units to establish and operate smaller satellite casinos in different regions.
PAGCOR also works diligently to combat illegal gambling activities by enforcing strict regulations and conducting regular inspections to identify and penalize unauthorized operations. Additionally, the corporation promotes tourism and fosters partnerships with international organizations to attract foreign investments in the Philippine gaming industry.
Overall, PAGCOR plays a crucial role in ensuring the regulation, development, and promotion of the gaming industry in the Philippines, with a focus on sustainable growth, social responsibility, and the welfare of the Filipino people.
