A Philippine commission for state-run companies has joined calls to make Philippine Amusement and Gaming Corporation (PAGCOR) purely regulatory.
The Governance Commission for Government-owned and Controlled Corporations (GOCCs) has recommended to President Rodrigo Duterte to split PAGCOR into a gaming regulator and a casino operator to prevent conflicts in the future, according to GMA News Online report.
According to the commission, their recommendation was based on the review it conducted in relation to competitive neutrality issues. PAGCOR and 11 other GOCCs underwent thorough scrutiny as part of the GOCC’s commitment to the Philippine Development Plan 2017-2022.
Under the GOCC Governance Act of 2011, the commission is tasked to give the President a recommendation on GOCCs for dispositive action “upon determination that there is a conflict between the regulatory and commercial functions of a GOCC.”