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The Impact of PAGCOR’s Licensing on Local Businesses
PAGCOR, or the Philippine Amusement and Gaming Corporation, is a government-owned corporation established in 1977 with the primary goal of regulating and operating gaming and entertainment establishments in the Philippines. Over the years, it has grown to become one of the main sources of revenue for the Philippine government, contributing significantly to the national budget. PAGCOR's creation was part of the government’s strategy to harness the economic potential of the gaming industry while ensuring that operations are conducted responsibly and transparently. Its role is vital in balancing economic growth through gaming revenues with the promotion of social responsibility and regulation.
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