Pagcor casino privatization to cut healthcare funds by P2.1B yearly

Philippine Amusement and Gaming Corporation. FILE PHOTO

MANILA, Philippines — Funding for the country’s Universal Health Care (UHC) program could be slashed by up to P2.1 billion annually under the planned privatization of Casino Filipino, according to a commentary by legal outfit Geronimo Law.

The law firm said the sale of the casino operations of Philippine Amusement and Gaming Corp. (Pagcor) could reduce the dedicated funding stream for UHC by about P1.7 billion to P2.1 billion a year, based on Casino Filipino’s 2024 and 2025 gaming revenues.

READ: Pagcor remits P5.67B from 2025 earnings to Treasury

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