Your Daily Asia Gaming eBrief: Alejandro H. Tengco new PAGCOR Chair

Wednesday 24th of August 2022

Good Morning. After months of deliberation Philippines President Ferdinand Marcos, Jr. has sworn into office the new PAGCOR members of the Board of Directors. Alejandro H. Tengco is now Chairman and Chief Executive Officer, while Atty. Juanito L. Sañosa, Jr. is President and Chief Operating Officer. G2E Asia 2022 - Special Edition - kicks off today in Singapore.

What you need to know

SJM Holdings is bullish over The Grand Lisboa Palace project despite recent results.
Reef Casino Trust reported net profit of $3.3B up 7 percent on solid domestic numbers.

On the radar

Hann signs multi property deal with Accor.
APE signs Macau distribution with Jumbo.

AGB Intelligence

DEEP DIVE

Alejandro H. Tengco replaces Andrea Domingo, as PAGCOR Chairman and CEO

After much presidential deliberation, PAGCOR’s new board was sworn in, with Alejandro H. Tengco replacing Andrea Domingo as Chairman and Chief Executive Officer, while Atty. Juanito L. Sañosa, Jr. is President and Chief Operating Officer. In a short release, Philippines Amusement and Gaming Corporation (PAGCOR) stated that President Ferdinand Marcos, Jr. had sworn into office the new members of the Board of Directors in simple oathtaking ceremonies.