MANILA, Philippines — The Philippine Amusement and Gaming Corporation (Pagcor) partnered with the Development Academy of the Philippines (DAP) for the privatization of its casinos.
In a statement released on Tuesday, Pagcor said that it needs DAP’s technical assistance in complying with the documentary requirements of the Governance Commission for Government-owned and Controlled Corporations (GCG) in the implementation of its Compensation and Position Classification System (CPCS).
This system is needed before the execution of Pagcor’s casino privatization.
“We need their help to comply with the (documentary) requirements of the GCG and in our efforts to eventually implement the CPCS that our employees have been eagerly waiting for,” said Pagcor Chairman and Chief Executive Officer Alejandro H. Tengco.
Pagcor added that it wants to tap the services of DAP in providing training for the corporation’s officers and employees.
On September 13, Tengco announced Pagcor’s transition from being both an operator and regulator to solely being a regulatory body.
Tengco also mentioned that the corporation is in the process of making amends with its corporate structure and business processes and procedures.