{"id":10332,"date":"2025-02-07T13:28:52","date_gmt":"2025-02-07T13:28:52","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=10332"},"modified":"2025-02-07T13:28:52","modified_gmt":"2025-02-07T13:28:52","slug":"pagcor-closes-casino-filipino-locations-in-talisay-and-tagum-amid-rationalization-plans","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/pagcor-closes-casino-filipino-locations-in-talisay-and-tagum-amid-rationalization-plans\/","title":{"rendered":"PAGCOR Closes Casino Filipino Locations in Talisay and Tagum Amid Rationalization Plans"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Philippine Amusement and Gaming Corporation (PAGCOR) has announced the closure of Casino Filipino branches in Talisay, Cebu and Tagum, Davao del Norte as part of its ongoing rationalization plan. The move aims to optimize operations and cut financial losses from underperforming locations.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">According to PAGCOR, the Talisay, Cebu casino had been struggling financially, with revenues failing to cover operational costs. A similar situation occurred at the Tagum, Davao del Norte branch, where declining revenues and increased competition made its sustainability unfeasible. The rise of online gaming and the expansion of privately operated gaming facilities also played a role in these decisions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/cebu-city-wants-more-funding-since-the-body-regulators-saw-an-increase\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cebu City wants more funding since the body regulators saw an increase<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The closures align with PAGCOR\u2019s broader strategy to streamline resources and focus on high-performing assets. The agency assured displaced employees that alternative opportunities within PAGCOR\u2019s network would be explored to mitigate the impact.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/soft-launch-in-cebu-this-december-new-hotel-new-casino\/\" target=\"_blank\" rel=\"noreferrer noopener\">Soft launch in Cebu this December, new hotel new casino.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Industry analysts believe this move reflects PAGCOR\u2019s effort to modernize and remain competitive in the evolving gaming landscape of the Philippines. With online gaming gaining popularity, the authority is expected to continue evaluating its land-based operations for efficiency and profitability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PAGCOR remains committed to responsible gaming and ensuring sustainable gaming operations in strategic locations while adapting to industry changes<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rise of online gaming and the expansion of privately operated gaming facilities also played a role in these decisions.<\/p>\n","protected":false},"author":1,"featured_media":10333,"menu_order":117,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2323,4824,2452],"class_list":["post-10332","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-asia","tag-cebu","tag-pagcor","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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