The Philippine Amusement and Gaming Corporation (PAGCOR) announced today the closure of two underperforming Casino Filipino branches—one in Talisay, Cebu, and another in Tagum, Davao del Norte—as part of the agency’s ongoing rationalization plan aimed at optimizing operations.
PAGCOR Chairman and CEO Alejandro Tengco stated that both venues had been incurring substantial financial losses over the past years, making continued operations unsustainable.
“Given the sustained financial strain, continuing operations at these sites is no longer feasible,” Tengco said.
Casino Filipino Talisay, managed under Casino Filipino Cebu, reported net losses of Php39.32 million in 2023, which worsened to Php49.56 million in 2024. Similarly, Casino Filipino Tagum, operated by Casino Filipino Grand Regal, suffered a Php31.56 million net loss in 2023, escalating to Php36.93 million in 2024.
Despite the closures, PAGCOR assured that no employees would be displaced. Instead, all affected staff will be reassigned to other PAGCOR gaming sites or returned to their mother units.
“While our decision was driven by mounting financial losses, safeguarding the welfare of affected employees through job reassignment and comprehensive support programs is our top priority,” Tengco emphasized.
A total of 42 employees from Casino Filipino Talisay will be transferred to various branches under Casino Filipino Cebu, while 33 employees from Casino Filipino Tagum will be redeployed to different sites under Casino Filipino Grand Regal in Davao.
Tengco also highlighted PAGCOR’s commitment to ensuring a smooth transition for affected employees:
“Our Human Resource and Development Group is actively working with affected employees to facilitate a smooth transition, ensuring that each individual receives guidance and assistance in their reassignment,” he added.
The closures are part of PAGCOR’s broader strategy to streamline operations, improve financial performance, and strengthen the agency’s overall sustainability.