The Philippine Amusement and Gaming Corporation (PAGCOR) has announced that it has closed the Casino Filipino in Talisay, Cebu, and also its sister site in Tagum, Davao del Norte, will soon close its doors. 6f5i2x
In 2024, PAGCOR announced that they intend to sell all their government-owned casino locations and are updating their facilities before selling off their assets. The gaming regulator plans to focus on regulating going forward and wants to add more legitimacy to their oversight operations.
PAGCOR Chairman Alejandro Tengco said that the state gaming regulator’s plans to privatize its Casino Filipino operations are still on schedule. The recent casino closures will retain the 75 jobs by offering those employees jobs at other nearby PAGCOR casinos. Tengco also added that both the casino closures were due to underperformance issues and had been incurring losses over the last couple of years.
“Given the sustained financial strain, continuing operations at these sites is no longer feasible,”
In 2023, the Casino Filipino Cebu incurred a net loss of PHP 39.32 million; in 2024, the casino lost more. The Casino Filipino Tagum also lost PHP 31.56 million in 2023 and PHP 36.93 million in 2024.
Tengco told reporters that “while mounting financial losses drove our decision, safeguarding the welfare of affected employees through job reassignment and comprehensive programs is our top priority.” PAGCOR is expected to sell the properties to offset some of its debt from owning the two locations.
The Future Of Philippine Casinos 2r1r53
The Philippines has multiple casino regions, notably Entertainment City, just outside Manila. The casinos in E-City are some of the biggest integrated gaming facilities in the country and attract tourism from all over the world. A new USD 1.1 billion casino hotel is expected to open in E-City in quarter 4 of 2025, bringing the total number of casinos in the entertainment district to five alongside Solaire Resort & Casino, City of Dreams Manila, Okada Casino, and Resorts World.
There are also more than $6 billion in investments for new casino properties from Manila to Davao City. Most of the latest casino facilities currently under construction are not slated to open until 2026 and beyond.
Online Casinos In The Philippines 62t6b
Filipino players have two options for gambling online, including PAGCOR-licensed online casinos and offshore online casinos. Both options offer popular casino games but vary regarding payment and withdrawal options.
Legal online casinos often offer new player bonuses and rewards alongside various promotions. Philippine gambling laws only specify that online players visit licensed casino sites operating legally from their country’s jurisdiction.