PAGCOR Chairman and entire board submit courtesy resignations
The resignations precede a government directive for all state-run corporations to tender their resignations, allowing President Marcos Jr to reorganise the bureaucracy.
Key points:
– PAGCOR Chairman Alejandro H Tengco and the full board submitted their courtesy resignations last week
– The move came ahead of a formal call from the Palace for resignations from all GOCC leadership
– Tengco recently reaffirmed PAGCOR’s commitment to military infrastructure projects and national development
The entire leadership of the Philippine Amusement and Gaming Corporation (PAGCOR) has voluntarily tendered its courtesy resignation, according to a statement issued by Chairman and CEO Alejandro H Tengco on 29 May.
Tengco confirmed that he, along with President and COO Wilma Eisma and Directors Jose Maria Ortega, Francis Democrito Concordia and Gilbert Cesar Remulla, submitted their resignations last week.
The announcement came in advance of a formal directive from Malacañang Palace calling for all officials of government-owned or controlled corporations (GOCCs) to tender their resignations.
The move is intended to give President Ferdinand Marcos Jr a free hand in reorganising leadership positions across the state-run sector.
Tengco stated: “We serve at the pleasure of the President and we will accept whatever the Chief Executive’s decision will be.”
Good to know: The Office of the President has not yet confirmed whether it will reappoint any current PAGCOR board members or install new leadership
The resignations come at a time of high activity for PAGCOR, which recently reaffirmed its commitment to supporting national infrastructure and military development.
On 24 May, Tengco attended the Rites of Passage ceremony at Camp O’Donnell in Tarlac, where he pledged continued support for the Armed Forces of the Philippines.
PAGCOR has been actively funding facilities for military training, including barracks, gyms and auditoriums, as part of its corporate social responsibility initiatives.
Earlier this month, PAGCOR reported it had remitted PHP 12.67bn ($228m) to the National Treasury, exceeding its statutory obligation by remitting 75% of its 2024 net income.
The development followed a period of operational restructuring and increased public engagement by Tengco, who had also backed major responsible gambling and infrastructure initiatives since his appointment.
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