PAGCOR Chairman Tengco States Regulatory Framework Must Evolve With Changing Gaming Conditions
PAGCOR CEO Alejandro H. Tengco stated the regulatory framework must evolve with industry changes and experience. He highlighted planned decoupling of regulatory and operating roles to create clearer standards. The proposal is under review by the Governance Commission for GOCCs with a decision due soon.
SCCG Take — Decoupling would sharpen PAGCOR’s regulatory focus and level the operator field if approved. Philippine authorities and licensed gaming businesses now await the Governance Commission’s verdict and any subsequent executive action.
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco has declared that the agency’s regulatory framework must evolve to meet emerging challenges and shifts in the gaming landscape.
Delivering a keynote at The Regulators Forum at Newport World Resorts in Pasay City, Tengco noted the industry’s ongoing growth and the consequent need for PAGCOR to regularly evaluate its ability to meet its regulatory mandate, according to G3 Newswire.
Regulatory Adaptation and Institutional Strength
“Our regulatory framework will continue to evolve as conditions change and as our experience gives us a better understanding of what works and where improvements are needed,” Tengco said.
“What matters is that we remain open to corrections, that we are willing to learn, and that we are prepared to act when change is necessary.”
Tengco added that a regulatory system’s strength is shown by its response to real-world conditions, its protection of the public, and its support for a legitimate gaming industry. The framework must also safeguard integrity while delivering a stable and predictable environment for legitimate operators.
Planned Decoupling of Regulatory and Operating Functions
As part of ongoing institutional reform, Tengco pointed to the planned decoupling of PAGCOR’s regulatory and operating functions. This step would set clearer industry standards and reinforce the agency’s regulatory position.
“This is to ensure that all legitimate operators compete on a level playing field while the public can have confidence in the integrity of the system,” he said.
The decoupling proposal remains under review by the Governance Commission for GOCCs, with a decision anticipated soon. Following that review the proposal goes to the Office of the President. An executive order would issue if President Ferdinand Marcos Jr. sees merit in separating the functions.
Reporting: G3 Newswire
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