PAGCOR Chairman and CEO Alejandro Tengco As A Game-Changer

Under the visionary leadership of Chairman and CEO Alejandro H. Tengco, the Philippine Amusement and Gaming Corporation (PAGCOR) has not only reached new heights—it has redefined success in the gaming industry.

Alejandro Tengco’s tenure at PAGCOR is not just a record of financial milestones—it is a testament to the transformative power of strategic leadership. I Photo: PAGCOR Facebook

His strategic foresight, operational excellence, and financial prudence have propelled PAGCOR into an era of unprecedented prosperity.

With a strong focus on sustainability and innovation, Mr. Tengco has driven fiscal triumphs, transformative partnerships, and asset maximization, ensuring that PAGCOR remains a cornerstone of economic growth.

In a testament to Mr. Tengco’s dynamic leadership, PAGCOR recorded an all-time high revenue of PHP112 billion in 2024, marking a 41% surge from PHP79 billion in the previous year.

This financial milestone was further amplified by a 51% increase in net operating income, rising from PHP56.38 billion in 2023 to PHP84.97 billion in 2024. The key driver behind this remarkable growth was the thriving Electronic Games sector, which accounted for PHP48.79 billion, or 50.03% of total gaming revenues.

Licensed casinos contributed PHP33.07 billion (33.91%), while PAGCOR’s Casino Filipino venues generated PHP12.67 billion (12.99%).

Despite the strategic wind-down of Philippine Offshore Gaming Operations (POGOs) in December 2024, the sector still delivered PHP2.99 billion in revenue, highlighting PAGCOR’s resilience and diversified portfolio.

These financial achievements further solidify PAGCOR’s status as a pillar of national economic development, with PHP68.21 billion allocated to nation-building initiatives—a 37.61% increase from PHP49.56 billion in 2023.

Strategic Asset Management and Expansion

Beyond financial success, Mr. Tengco has demonstrated exceptional asset management, exemplified by PAGCOR’s landmark partnership with San Miguel Corporation (SMC).

This collaboration represents a new era of efficiency, as PAGCOR breaks ground on its new corporate headquarters at the Bagong Nayong Pilipino complex in Pasay City.

Valued at PHP2.45 billion, this state-of-the-art corporate center will be fully financed and constructed by SMC at no cost to PAGCOR, serving as a model of public-private collaboration.

For more than four decades, PAGCOR has operated from rented spaces, incurring substantial leasing costs.

This new 40,000-square-meter corporate center, with an additional 15,000 square meters for commercial leasing, will not only streamline operations but also generate passive income.

Mr. Tengco’s expertise in asset monetization showcases his ability to turn challenges into opportunities, reinforcing PAGCOR’s commitment to fiscal prudence and operational efficiency.

Redefining PAGCOR’s Regulatory Role

A hallmark of Mr. Tengco’s transformative leadership is his strategic decision to divest PAGCOR’s Casino Filipino branches, a move poised to usher in a new era of regulatory integrity.

This bold initiative is expected to generate over Php50 billion, allowing PAGCOR to shift its focus exclusively to regulation.

By relinquishing direct casino operations, PAGCOR eliminates potential conflicts of interest, ensuring a more transparent and competitive gaming industry. This regulatory pivot strengthens industry governance and reinforces investor confidence, positioning the Philippines as a premier gaming destination.

A Legacy of Transformation

Alejandro Tengco’s tenure at PAGCOR is not just a record of financial milestones—it is a testament to the transformative power of strategic leadership.

His ability to identify growth opportunities, foster high-impact partnerships, and implement forward-thinking reforms has turned PAGCOR into a model of financial and operational excellence.

As PAGCOR continues its evolution under his leadership, Mr. Tengco’s legacy will extend far beyond balance sheets.

His unwavering commitment to innovation, regulatory refinement, and strategic asset utilization ensures that PAGCOR remains not only a leader in the gaming industry but also a key driver of national economic progress.