Press Releases

Response to media questions on the PAGCOR logo

July 12th, 2023

As with the DOT slogan, which I refused to comment on, I cannot pretend to be an authority on creatives. If the procurement is above board and compliant, I have no issue.

What I can comment on is Chairman Al Tengco’s performance as PAGCOR head. It has been impressive.

It’s Q1 2023 income was 50.59 percent higher year on year, and I expect them to meet their 224.8 billion Gross Gaming Revenue target this year.

He has negotiated a higher government share in revenues of slot machine terminals, and is doing his best to clean up PAGCOR assets and financials in preparation for possible privatization.

So, in judging PAGCOR, I would focus on that mandate and on progress made.

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