A Philippine commission has recommended that the Philippine Amusement and Gaming Authority should split its regulatory functions from its commercial businesses.
The Governance Commission for Government-owned and Controlled Corporations (GOCCs) made the recommendation to President Rodrigo Duterte, saying it was “due to PAGCOR’s conflicting proprietary activities and regulatory functions in which its operation of casinos is in conflict with its function as a gaming regulator,” GMA news reported.
The commission had carried out a review of 12 state-owned firms.
The recommendation was a result of a review of 12 state-owned firms.
“It is the firm belief of the Governance Commission that there should be a level playing field between GOCCs and corporations in the private sector performing similar commercial activities,” it said.
The industry has long criticized PAGCOR’s dual role as both a regulator and an operator of casinos across the country.