The Philippine government will sell casinos operated by the Philippine Amusement and Gaming Corporation (PAGCOR) as it plans to focus solely on their regulatory function.

Quoting PAGCOR chair Andrea Domingo, The Philippine Star reported that the funds to be raised from the privatizing casinos will help support the government’s proposed P3.35-trillion (US$ 72.11 billion) 2017 national budget.

Domingo did not say how much the government will earn from the privatization of government casinos but she gave the lawmakers an idea of the yearly revenues of government-owned casinos.

“Finance Secretary Carlos Dominguez has told us to privatize Pagcor-owned casinos,” Domingo told legislators during a recent budget briefing at the Philippines’ House of Representatives. “We are now preparing the template for the planned privatization so we could maximize the benefits for the government,” she said.