San Miguel Corporation (SMC), one of the Philippines' largest conglomerates, has announced its commitment to construct a new headquarters for the Philippine Amusement and Gaming Corporation (PAGCOR) at no cost to the government.
This new facility, to be built by SMC, will enhance PAGCOR’s operational efficiency as the corporation continues to expand, particularly in the electronic gaming sector.
Some details about project
- Project Sponsor: San Miguel Corporation
- Beneficiary: PAGCOR
- Cost: Fully funded by SMC
- Purpose: To provide PAGCOR with modern infrastructure for its growing operations
PAGCOR Financial Performance:
As of September 2024, PAGCOR has reported a significant increase in revenue, nearly doubling its net income to PHP 10 billion. This growth highlights the potential for further expansion and the importance of modern facilities.
SMC’s Broader Role:
In addition to this project, SMC has invested heavily in infrastructure development, including PHP 300 billion worth of tollway projects in Luzon. This demonstrates the conglomerate’s commitment to national progress and corporate social responsibility.
For further updates, please follow official announcements from PAGCOR and SMC.
