{"id":134320,"date":"2017-11-27T02:42:26","date_gmt":"2017-11-27T07:42:26","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=134320"},"modified":"2025-01-18T02:06:35","modified_gmt":"2025-01-18T07:06:35","slug":"govt-eyes-special-council-for-pagcor-privatization","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/27\/govt-eyes-special-council-for-pagcor-privatization\/","title":{"rendered":"Gov’t eyes special council for PAGCOR privatization"},"content":{"rendered":"
\"Department<\/a>
FILE: Department of Finance (DOF) Secretary Carlos Dominguez III (Photo: KING RODRIGUEZ\/ Presidential Photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— A specialized council is set to be formed for the privatization of Philippine Amusement and Gaming Corporation (PAGCOR), which will push through after the issuance of an Executive Order (EO).<\/p>\n

Finance Secretary Carlos Dominguez III told reporters that the privatization of the government-controlled gaming regulator is on track.<\/p>\n

\u201cWe are working on it. We already submitted a draft EO (Executive Order) to the President for the process of privatizing PAGCOR,\u201d he said.<\/p>\n

According to the Department of Finance (DOF) chief, a special privatization team, not the Privatization and Management Office (PMO), needs to be created because PAGCOR \u201cis a special case.\u201d<\/p>\n

He said the council will be composed of representatives from the Office of the President (OP), the DOF, the Department of Budget and Management, and the Governance Commission for GOCCs.<\/p>\n

\u201cIt is licenses that you are privatizing, and it\u2019s a little more technical. Quite frankly, we admit it\u2019s a little more technical than what the PMO can handle. So we said we will make a special priva (privatization office), separate from PMO, so we have to have a specialized team,\u201d he said.<\/p>\n

Dominguez said PAGCOR officials have been consulted for the privatization of the institution.<\/p>\n

He said the draft EO was submitted to the OP last September.<\/p>\n

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<\/p>\n

\u201cYes (we are on track). We just need the authority from the President,\u201d he said.<\/p>\n

Dominguez declined to estimate a timeline when the EO would be issued but said that \u201cgenerally it will come out (in) about 60 to 90 days\u201d once it the draft have been submitted\u201c.<\/p>\n

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<\/p>\n

Domiguez is pushing for PAGCOR\u2019s privatization for the agency to focus on regulations instead of manning even the revenue-generation aspect of its casinos.<\/p>\n

PAGCOR owns and controls around 46 casinos nationwide.<\/p>\n

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<\/p>\n

He earlier estimated the valuation process of these casinos to start in the last quarter of this year.<\/p>\n

The Duterte administration wants to privatize PAGCOR to raise revenues for the government.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— A specialized council is set to be formed for the privatization of Philippine Amusement and Gaming Corporation (PAGCOR), which …<\/p>\n","protected":false},"author":33,"featured_media":91615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[13825,11906,11506,35594,35593,31960,35592],"class_list":["post-134320","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-carlos-dominguez-iii","tag-department-of-budget-and-management","tag-department-of-finance","tag-governance-commission-for-goccs","tag-office-of-the-president","tag-philippine-amusement-and-gaming-corporation","tag-privatization-and-management-office","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/134320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=134320"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/134320\/revisions"}],"predecessor-version":[{"id":285188,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/134320\/revisions\/285188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/91615"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=134320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=134320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=134320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}