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PAGCOR Sees Bright Outlook for Philippine Tourism, Gaming

Chairman Efraim Genuino of the Philippine Amusement and Gaming Corp. predicted yesterday a brighter outlook for Philippine tourism and the state gaming agency as he stepped up a more aggressive domestic and international promotions campaign to bring in more visitors.

At the same time, he announced a record-setting R5.41-billion income for the first quarter of the year and credited this to the firm and able leadership of President Gloria Macapagal Arroyo and the efforts and extraordinary performance of PAGCOR’s 11,000-strong managers and employees.

The PAGCOR chief said: From Day One, President Arroyo made it clear that her mandate was to make PAGCOR the top revenue earner of the government to spur economic activity, provide jobs and enable us to contribute more substantially to much-needed government programs, especially those that would benefit the poor. We offer this victory to her who has inspired us no end to work harder.

At the same time, the President was credited with choosing a dedicated team to manage PAGCOR. The admirable and extraordinary efforts of the state agency’s public relations informationmedia department, headed by Director Edward F. King, was cited for its yeoman’s work in promoting the state gaming agency here and abroad.

Our record-breaking income shows that the outlook is bright for the local gaming industry and that we will continue to keep up with the extraordinary boom in gaming venues worldwide, Genuino said.

The PAGCOR has embarked on an expansion program. Its slot machines and gaming tables are now available in more tourist hotels in the Metro Manila area, like the Pan Pacific Hotel, the Westin Philippine Plaza, and the Hyatt Marina Hotel, in addition to the established locations at the Holiday Inn Pavilion, the Heritage CasinoHotel, the Grand Boulevard and the Parañaque Entertainment Center.

Read the entire article at: The Manilla Bulletin 

2004 Online Casino News Archive


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