Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco on Tuesday, June 10, led the ceremonial launch of the second phase of construction for the Philippine Military Academy Alumni Association, Inc. (PMAAAI) building at Fort Andres Bonifacio in Taguig City.
The six-story facility, envisioned as the PMAAAI’s future Center for Leadership Excellence, has a funding support of Php600 million from Newport World Resorts Foundation, the corporate social responsibility arm of one of PAGCOR’s licensed integrated resorts.
Chairman Tengco (2nd from right) is flanked by (from left) PMAAAI Chairman and CEO Ramon Punzalan, Philippine Army Commanding General Lt. Gen. Roy Galido, and retired Maj. Gen. Alex Luna, Chief Security Officer of the Newport World Resorts Foundation, Inc., and Travellers International Hotel Group, Inc.
Chairman Tengco signs the wall of commitment to affirm PAGCOR’s full support for the PMAAAI’s programs and initiative
Mr. Tengco lauded the initiative as a model of public-private partnership, underscoring its long-term value to the country’s defense and governance sectors.
“This project is truly remarkable because it is being constructed at no cost to the Philippine government,” he said. “It stands as proof that the gaming industry – when properly regulated and responsibly managed – can be a strong partner in nation-building.”
PAGCOR initially approved a Php300 million outlay for the building structure followed by an additional Php300 million for the ongoing interior fit-out phase.
Once completed, the building will serve as the official headquarters of the PMAAAI as well as a venue for strategic forums, leadership training, and legacy-building activities that will benefit generations of Filipino military leaders.
“We are optimistic that through this future Center for Leadership Excellence, we will not only help strengthen the PMAAAI as an institution but also help empower the Armed Forces and support our men and women in uniform,” Mr. Tengco said.
He added that the gaming industry, under strong regulatory oversight, has consistently been supporting high-impact and socially relevant initiatives.
“This structure is a solid proof of what can be achieved when public service and private enterprise are united by a shared vision for progress and patriotism,” he said.
Mr. Tengco also reaffirmed PAGCOR’s broader support for the Armed Forces of the Philippines.
Earlier this year, the agency committed funds for the construction of modern facilities at the Philippine Military Academy (PMA) including a modern warfare laboratory, additional sports facilities, patient transport vehicle, and the renovation of PMA’s Candidate Control Liaison Office in Quezon City.
The post PAGCOR chief leads launch of 2nd phase of PMAAAI facility construction appeared first on European Gaming Industry News.
