PAGCOR suddenly changes its stance? Warns that the cost of banning gambling is high: fears the loss of hundreds of billions of pesos and impacts tens of thousands of jobs.

Alejandro Tengco, Chairman and CEO of the Philippine Amusement and Gaming Corporation (PAGCOR), has publicly stated his firm opposition to the congressional proposal for a "total ban on online gambling." He emphasized that online gambling has become a crucial pillar of the Philippine economy, and a