PAGCOR Chairman and CEO Alejandro Tengco has acknowledged the challenges facing the Philippines gaming industry as a result of the geopolitical situation in the Middle East but said there has never been a more important time to stick together.
His comments were made during a speech at Inside Asian Gaming’s first Manila After Dark networking event of 2026 at Manila’s LaVie Resort & Casino on Tuesday evening, which saw more than 150 industry representatives gather in the recently renovated surrounds of the LaVie Grand Lobby.
Pointing to the global impact of the Middle East conflict, which has been particularly felt in the Philippines, Tengco said, “This is not a good time for everyone. Gaming jurisdictions globally are feeling the impact of the oil crisis, and even more progressive countries like Singapore, Macau and the United States are not spared.”
However, he added, “Being together like this makes us forget, even for a while, the challenges we face. It allows us to rekindle relationships – whether as clients, suppliers or partners – and that is important, especially in difficult times.
“It is important that we come together, that we continue these conversations, and that we support each other as an industry.”
PAGCOR will, Tengco added, play its part.
“At PAGCOR, we will adjust what we need to do. We have to be in tune with the times and ensure that responsible gaming remains at the center of what we do.”
First held in 2019, IAG’s MAD series of events – typically held three times a year in Macau and three times a year in Manila – is a regular industry networking event organized by Inside Asian Gaming, bringing together key industry decision-makers with the people they want to meet in a relaxed and friendly environment. The event rotates around the region’s best hospitality venues – some well-known and some hidden gems.
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