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Philippines – New council to oversee privatisation of PAGCOR

Philippine Finance Secretary Carlos Dominguez has confirmed that a new council will be formed to oversee the technicalities in the sale of PAGCOR-owned casinos.

It will be made up from executives from the Office of the President (OP), the DOF, the Department of Justice, the Department of Budget and Management and the Governance Commission for Government-Owned and Controlled Corporations.

Mr. Dominguez said: ““We have a Privatisation Management Office, but PAGCOR is a special case. It is the licenses that we are privatising. Its more technical. Quite frankly, we admit it’s more technical than what the PMO can handle.”

PAGCOR owns 46 casinos in the Philippines.