Connect with us

Asia

PAGCOR Chairman Confirms No Plans to Reintroduce e-Sabong

Published

on

PAGCOR Chairman

PAGCOR Chairman Tengco Rules Out Return of Regulated e-Sabong Amid Social and Legal Concerns

PAGCOR Chairman Alejandro Tengco has unequivocally stated that there are no plans to reintroduce regulated e-sabong (online cockfighting) in the Philippines. Amid discussions on potential revenue sources following the ban on offshore gaming operators, Tengco emphasized that e-sabong is not on the agenda and reiterated that the administration has no intention of revisiting the controversial practice. This statement aims to dispel rumors and reassure stakeholders that the focus remains on responsible gambling and social welfare. Stakeholders are urged to consider alternative revenue streams and support PAGCOR’s ongoing initiatives to modernize and regulate the gaming landscape in the Philippines.

No Plans to Bring Back Regulated e-Sabong, Confirms PAGCOR Chairman Tengco

The Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco has firmly stated that the Philippine government has no intention of reintroducing regulated e-sabong, or online cockfighting, as a solution to offset revenue losses from the ban on offshore gaming operators. Speaking candidly during an interview, Tengco dismissed any speculation that the administration was considering a return of the controversial practice.

“I want to make this clear, and I will repeat it,” Tengco emphasized. “The president, Ferdinand ‘Bongbong’ Marcos Jr., has no marching orders for the reopening of e-sabong. There is no such thing. People have been going around, but definitely, e-sabong is not on the horizon or in the mind of the President at this very moment.”

Background and Ban on E-Sabong

E-sabong was officially banned in May 2022 under former President Rodrigo Duterte after a series of troubling incidents, including the disappearance of 31 individuals linked to the industry. The ban was further solidified in December 2022 when President Marcos issued Executive Order 9 (EO 9), which mandated the continued suspension of all online cockfighting activities. The order specifically prohibits the live streaming or broadcasting of cockfights outside designated arenas and bans off-premises betting on matches, regardless of the platform used.

Advertisement

EO 9 also requires PAGCOR to work closely with local government units, relevant government agencies, and private entities to ensure compliance with the order. This collaborative approach aims to prevent illegal gambling and minimize the social costs associated with e-sabong.

Opposition to Re-regulation

Despite the ban, the idea of re-regulating e-sabong was floated by House Deputy Speaker Jay-jay Suarez as a potential revenue source. However, strong opposition has come from multiple quarters. Senator Joel Villanueva and other lawmakers have argued that the social and economic costs, including increased debt, criminal activity, and family disruptions, far outweigh any potential financial benefits. Budget Secretary Amenah Pangandaman suggested that more efficient government operations and enhanced tax collection could make up for the revenue shortfall without needing to resort to controversial gambling activities.

The Trade Union Congress of the Philippines (TUCP), the country’s largest national trade union, also voiced strong opposition. They highlighted the adverse impact of e-sabong on the working class, citing instances of heavy debt, involvement in criminal activities, and tragic loss of lives among those drawn into the betting culture.

PAGCOR Casino Privatization Delayed Until 2026

Alongside the stance on e-sabong, Tengco also provided updates on PAGCOR’s plans to privatize its 45 casinos, a process unlikely to commence before early 2026. The delay is attributed to the need for legislative amendments and extensive preparations to modernize gaming facilities. PAGCOR’s dual role as both a regulator and operator of casinos has been seen as a conflict of interest, prompting calls for a shift towards a purely regulatory function.

Advertisement

Tengco noted that revising PAGCOR’s charter and negotiating with lessors will occupy much of the upcoming year, making the privatization process more complex than initially anticipated. The sale of PAGCOR’s casino assets is projected to generate around PHP50bn (US$893m), but the timeline remains subject to legislative progress and market readiness.

PAGCOR’s clear stance on the non-return of regulated e-sabong underscores the government’s commitment to social responsibility and safeguarding public welfare. As PAGCOR continues its transition towards a regulatory-focused role, the emphasis will remain on exploring sustainable and socially responsible avenues for revenue generation. The delay in the privatization of PAGCOR casinos further reflects the careful approach being taken to align with international standards and ensure a fair playing field for all stakeholders in the Philippine gaming industry.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at: sales@gamingo.news

For editorial or PR submissions, contact: media@gamingo.news

Copyright © 2024 Gamingo.News.