PAGCOR announces partnership with Development Academy of the Philippines

Updated:2024-03-21 15:09    Views:88

The Philippine Amusement and Gaming Corporation – PAGCOR – has partnered with the Development Academy of the Philippines (DAP) as part of its reorganisation efforts.

The Academy will assist PAGCOR in compliance matters relating to Governance Commission for GOCCs – GCG.

This implementation of its Compensation and Position Classification System – CPCS – is an important step required for privatising casinos in the country.

In a recent statement, PAGCOR stated that it aims to privatise 45 casinos by 2025 as part of this initiative.

Alejandro Tengco, PAGCOR Chairman and CEO, said: “We thank the Development Academy of the Philippines for being a prime mover of competency building in government.

“We need their help to comply with the documentary requirements of the GCG and in our efforts to eventually implement the CPCS that our employees have been eagerly waiting for.”

Recently, Tengco and Engelbert Caronan Jr, DAP President and CEO,Online Casino Games signed a Memorandum of Agreement for the reorganisation of PAGCOR at the New Coast Hotel in Manila.

As part of the Philippines Government, the DAP corporation works with official policies, programmes and management structures of organisations.

Caronan Jr said: “We would like to thank PAGCOR for their trust and confidence in this partnership; we are ready to provide the necessary technical services to make the agency GCG-compliant and help it carry out its reorganisation efforts.”

Only yesterday, PAGCOR released a statement stating that it was transitioning towards becoming a purely regulatory body.