Pagcor to launch own online casino, eyes modernization of slot machine operations
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BUOYED by the revitalization of the local gaming industry, the Philippine Amusement and Gaming Corp. (Pagcor) is eyeing to implement measures that will further boost market growth, provide a more convenient gaming experience to guests, and encourage healthy competition.
In his keynote address during the opening ceremony of the Sigma Asia Summit 2023 at the SMX Convention Center in Pasay City on July 20, Pagcor Chairman and CEO Alejandro Tengco proudly announced the agency intends to launch its own online gaming operations, dubbed "casinofilipino.com," by the first quarter of 2024.
Tengco explained that the online Casino Filipino aims to employ virtual reality-based technology that can simulate the sights and sounds of a physical casino, thereby offering a realistic and immersive gaming experience.
The Pagcor chief added the online Casino Filipino will "bring several benefits and opportunities, such as increased revenue, extended reach and market expansion, cost efficiency, and enhanced customer engagement."
Aside from the launch of the new gaming offering, Tengco underscored the importance of modernizing Pagcor's slot machine operations to help sustain growth momentum.
The modernization plan also includes the development of the state-run gaming and regulatory firm's information technology programs and systems to help fine-tune Pagcor's casino management system.
Meanwhile, the Pagcor chief also proudly announced the state-run gaming and regulatory firm's revenue achievements in the first half of 2023.
Tengco received an award from Sigma Asia for his outstanding contribution to gaming during the Sigma Awards held on July 19 at the Conrad Manila in Pasay City. Pagcor President and COO Atty. Juanito Sañosa Jr. received the award on behalf of Tengco.
