Despite the Senates agreement on Pagcor Privatization of the Philippine Casino operations, the Government is now keen on suspending privatization of PAGCOR to further study the condition.
Philippine Gamings and Amusement Corporation (Pagcor) said that it was halting applications for casino franchises acknowledging President Benigno “Noynoy” C. Aquino III’s decision to trim the mushrooming of gambling facilities in the country. Meanwhile Jay Santiago, Pagcor spokesperson, said that the move to suspend the granting of franchises had nothing to do with proposals to privatize the state-run gaming corporation.
While some people think that this is just a prelude or preparation to a privatization scheme of the government.
President Noynoy Aquino has expressed alarm over the proliferation of casinos even in areas outside the usual tourist destinations. He has raised the possibility of privatizing Pagcor, which is mandated to operate and regulate casinos.
Casino operators whose contracts will be expiring within the coming months are covered by Pagcor’s directive, according to Santiago.
“Those up for renewal would be carefully reviewed. We will impose the requirement that their operations should be in tourist destinations only,” spokesperson Santiago said.
However there are no rules prohibiting Filipinos from casinos, Santiago said that gambling establishments are primarily meant to entice foreign patrons in the Philippines.
Since its creation in 1977, Pagcor has become a tremendous source of funds for the government, financing various civic projects of the Office of the President, local governments and other agencies.
Meanwhile at the Senate, Juan Ponce Enrile the incumbent Senate President confirm the the privatization of the multi-billion-peso, state-owned Philippine Amusement and Gaming Corp. (Pagcor) would be a potent weapon to attract tourism in the country.

Senate President Enrile said “I am in favor of privatization of Pagcor but they have to separate the regulatory function because that is government and the operation must be privatized.’’
“It will be more manageable if the government is not involved in the winning and losing in the business. It regulates, it gets its taxes, and gets its share of the income of the operation. I have a draft of this proposal, patterned after the Reno (Nevada) model,’’ he explained.
Sen. Manuel Lapid, chairman of the Senate games, amusement and sports committee, said he favors the privatization of Pagcor “but there should be conditions like a fixed period for the contract.’’
He said that government could terminate or renegotiate with the franchise holder if there is a fixed period for the privatization.
Both senators were referring to the recent proposal of San Miguel Vice President Ramon Ang to pool $10 billion among investors in Malaysia to buy Pagcor.
Senator Manuel Lapid said That the Primary goal of selling a monopoly like the operations of Pagcor is to immediately help the government improve its cash position.
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