Cristino Naguiat

    Cristino Bong Naguiat, Jr. is the former chairman of the board and chief executive officer of Philippine Amusement and Gaming Corporation, taking the role in July 2010.Naguiat served as the chief executive officer of Urdaneta Sacred Heart Hospital from 2003 to June 30, 2010. He studied at Ateneo de Manila University.

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    Pagcor stands by Army Navy Club contract

    The Philippine Amusement and Gaming Corp stands by a decision to pay out P234 million ($4.6 million) in advance rental for a casino under construction at the Army Navy Club in Manila, local media reports. Pagcor Chair Andrea Domingo stood by the decision made by her predecessor during a House Committee on Good Government and […]

    Former Pagcor chairman face plunder and graft charges

    Former Philippine Amusement and Gaming Corporation (Pagcor) chairman Cristino Naguiat and nine other former officials are facing plunder and graft charges for allegedly entering into a fraudulent agreement for a “nonexistent” property last year, local media reports In their eight page complaint-affidavit, Volunteers Against Crime and Corruption (VACC) chairman Dante Jimenez and board member Arsenio […]

    Former immigration head appointed as Pagcor chair

    The Philippine President-elect Rodrigo Duterte has named former immigration chief Andrea Domingo as chair of the Philippine Amusement and Gaming Corp. Domingo was a strong supporter of Duterte, a former mayor of Davao City, during his election campaign, according to media reports. She was an organizer of volunteer groups for the Duterte campaign. Aside from […]

    PAGCOR reports total income up 18 percent in 2015

    PAGCOR reported total income of P47.2 billion (US$995.8 million) in the 12 months ended Dec. 31, 2015 up 18 percent from the previous year, according to a financial statement posted on its website. The statement shows strong performance from gaming operations in 2015, at P43.4 billion, up 45 percent from 2014. Other income totaled at […]

    PAGCOR considers issuing licenses outside Manila

    The Philippines gaming regulator is considering issuing gambling licenses outside the capital of Manila, and plans to require new casinos to meet a $300 million minimum investment requirement, the country’s gaming regulator said in an interview with Bloomberg. The gaming regulator is “open to giving out a casino license if it can help boost economic […]

    Philippines 2015 GGR gains 17 percent, defying regional slump

    Gross gaming revenue in the Philippines reached P130 billion (US$2.75 billion) in 2015, marking an increase of 17 percent from 2014, PAGCOR chair and CEO Cristino Naguiat Jr told the Inquirer in an interview. “We showed a big improvement last year despite the business environment,” he said, referring to the 35-percent decline in Macau’s gaming […]

    Pagcor still considering Universal deadline extension request

    The Philippine Amusement and Gaming Corp. is still considering a request from Japan’s Universal Entertainment to extend the deadline for completion of its planned resort in Manila’s Entertainment City, Reuters reported. The company risks having its license for the $1.6 billion project suspended because of the delays. “They want to have an extension. We are […]

    Pagcor net income soars to P2.3 billion

    The Philippine Amusement and Gaming Corp. said its net income increased more than 80 percent to P2.38 billion (52.6 million) in the first six months of the year, mainly driven by higher gaming revenues. In a statement, Pagcor said the figure compares to a net income of P1.31 billion in the same period last year. […]

    Philippine GGR seen gaining 20 percent in 2015

    Gross gambling revenue in the Philippines is likely to gain 20 percent in 2015, despite the slowdown in Chinese VIP traffic, Philippine Amusement & Gaming Corp Chairman Cristino Naguiat told Bloomberg in an interview. In the first half, GGR was up 16 percent to $1.4 billion and there’s a “good chance” it will reach $3 […]