THE Philippine Amusement and Gaming Corp. (Pagcor) has tapped the Development Academy of the Philippines (DAP) in facilitating its reorganization process towards the privatization of its casinos.
In a statement, Alejandro Tengco, Pagcor chairman and chief executive officer (CEO), said the agency tapped DAP’s technical assistance to comply with the requirements of the Governance Commission for GOCCs (GCG) in the implementation of its Compensation and Position Classification System (CPCS) which is needed prior to privatization.
“We need their help to comply with the (documentary) requirements of the GCG and in our efforts to eventually implement the CPCS that our employees have been eagerly waiting for,” Tengco said.
Tengco and Engelbert Caronan Jr., DAP president and CEO, signed the memorandum of agreement for Pagcor’s reorganization last September 12.
Tengco said he also wants to engage DAP in the facilitation and conduct of trainings for Pagcor officers and employees to enhance their skills and competencies.
Tengco earlier said Pagcor is in the process of transition towards becoming a purely regulatory body from its current dual role as both operator and regulator.
“We have started preparing for this transition in earnest, and we are starting where it matters most — within Pagcor itself,” he said, adding the process should be completed by 2025.
The crafting of plans would avoid displacement especially in Pagcor-operated casinos that will need to be privatized. – Angela Celis
