International edition
June 20, 2021

According to company officials

Pagcor privatisation to benefit Macau

(Philippines).- State-owned gaming company and regulator Philippine Amusement and Gaming Corporation (Pagcor) is facing a proposal to be privatised. However, company officials say that would lead to a loss of competitive edge for the country’s gaming industry, which would instead benefit Macau and, further afield, Singapore and Malaysia.

A

bill to privatise Pagcor and instead create a new body with only regulatory powers has been filed in the Philippine Senate by pro-administration Senator Ralph Recto. The bill also proposes a significant tax hike – casinos would be obliged to pay 5 percent in gross revenue tax plus an additional 50 percent tax on aggregate gross earnings.

Pagcor officials say the company currently only charges from 2 to 15 percent on gross gaming revenue for non-high roller gamers; 15 percent on high rollers and junket tables; and 25 percent on slot machines.

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