PAGCOR chairman, board resign for Marcos Jr.'s revamp

Philippine Amusement and Gaming Corporation (PAGCOR) chairman Alejandro Tengco and the board of directors submitted their courtesy resignations last week.

Tengco stated that he and the entire PAGCOR Board had filed their resignations to give President Ferdinand Marcos Jr. a free hand in reorganizing the bureaucracy, emphasizing they serve at the pleasure of the President.

The board includes PAGCOR president Wilma Eisma and directors Jose Maria Ortega, Francis Democrito Concordia, and Gilbert Cesar Remulla.

These resignations were submitted even before the President ordered all Governing Boards of Government-owned or Controlled Corporations (GOCCs) to submit their courtesy resignations as part of a Cabinet revamp.

PAGCOR reported a net income of P16.76 billion in 2024, marking a significant increase from P6.81 billion in 2023.