The Philippine Amusement and Gaming Corporation (PAGCOR) has officially signed a 25-year lease agreement with San Miguel Infrastructure (SMC) to develop a new state-of-the-art headquarters in Pasay City. The development comes as PAGCOR Chairman and CEO Alejandro Tengco emphasizes the importance of establishing a dedicated workspace for the regulator, reflecting its growth and ambitions within the gaming industry.
The project aligns with PAGCOR’s long-term strategy to enhance its operations and create an improved work environment for its employees, positioning itself as a key player in the global gaming market. This development also highlights its ongoing support for local
casino studio online operations,
game developers, and gaming innovations.
Key Points:
- PAGCOR has entered into an agreement to build a dedicated office space for its headquarters.
- The development is valued at PHP2.5bn ($420m).
- Once completed, PAGCOR will share portions of the property with San Miguel Infrastructure.
Project Details and Vision
The new headquarters will span over
40,000 sqm and will be fully financed and constructed by
San Miguel Infrastructure at no cost to PAGCOR. The total development value is pegged at PHP2.5bn, with PHP2bn dedicated to construction costs and PHP450m allocated to furnishing the space. The headquarters aims to be more than just an office building; it serves as a modern corporate hub reflecting PAGCOR’s commitment to a
world-class work environment, mirroring its identity and core values.
A New Home for PAGCOR Employees
PAGCOR has historically operated from multiple rented spaces, such as the Met Live building, an
11-story commercial and office space in Manila’s Bay Area. The new headquarters will consolidate PAGCOR’s workforce into a single location, fostering improved collaboration and efficiency. Tengco noted,
“While we have always managed to deliver on our mandates, we’ve long dreamed of a day when we could bring everyone together under one roof.”
The move supports PAGCOR’s expanding responsibilities in gaming regulation, including overseeing
casino studio online operations and engaging with
game developers. As the industry grows, the headquarters will offer a foundation to manage partnerships, initiatives, and compliance across its network of live dealer and
low-cost live studio gaming platforms.
Collaboration with San Miguel Infrastructure
Under the lease agreement, 13 hectares of the 15-hectare property will be dedicated to San Miguel Infrastructure initiatives. Ramon Ang, Chairman and CEO of SMC, highlighted the significance of the partnership, saying:
“Our goal is to maximise the potential of this property for the public’s benefit. The new PAGCOR headquarters will play a key role in supporting programs that uplift the lives of Filipinos.”
Additional Revenue Streams
PAGCOR expects to generate further revenue by renting out unused portions of its headquarters. This move aligns with its strategy to optimize resources while funding government programs, a crucial element of PAGCOR’s broader economic role.
Supporting Evolution of Gaming in the Philippines
The creation of PAGCOR’s new headquarters marks a milestone not only for the organization but also for the gaming industry in the Philippines. PAGCOR plays a vital role in regulating
live studios,
low-cost live studios, and the expanding market of
Evolution games and online casino operations. The new headquarters will serve as a hub for gaming oversight, licensing, and innovation, ensuring that both domestic and international
game developers can thrive in the regulated environment.
For investors and businesses exploring opportunities, this project further underscores the growing demand for
casinos for sale and modern gaming infrastructure in the Philippines.
Good to Know: The Current PAGCOR Headquarters
PAGCOR’s current headquarters is located in the Met Live building, which functions as a retail unit, convention space, and office block in Manila’s Bay Area. The move to a dedicated facility will enable PAGCOR to better serve the industry and expand its capabilities.
Final Thoughts
The signing of this 25-year lease agreement marks a transformative step for PAGCOR and the gaming industry in the Philippines. The development reflects PAGCOR’s vision to establish a modern headquarters capable of supporting its regulatory role, fostering collaboration with
casino studio online operators and
game developers, and advancing the nation’s gaming infrastructure.
Through its partnership with
San Miguel Infrastructure, PAGCOR’s new headquarters will enhance operational efficiency, contribute to economic growth, and support programs that uplift communities nationwide. This development is a clear indication of PAGCOR’s long-term commitment to excellence in gaming regulation and innovation.
