FOURTEENTH CONGRESS OF THE REPUBLIC 
) 
OF THE PHILIPPINES 
) 
Third Regular Session 
) 
SENATE 
S. No. 3 4 'i' 6 
Introduced by Senator Manuel "Lito" M. Lapid 
EXPLANATORY NOTE 
The passage of Republic Act (RA) No. 9487 on June 10, 2007 which 
amended Presidential Decree (P.D.) No. 1869 extended the corporate life of 
PAGCOR for another 25 years. Apart from the extension of its corporate life, 
PAGCOR was allowed to enter into joint venture agreement, among others. In 
furtherance thereof, PAGCOR had invited interested proponents to submit 
application to qualify for PAGCOR license to operate integrated casino-
entertainment complexes within the Bagong Nayong Pilipino Entertainment City 
Manila along Manila Say in Paranaque City. 
PAGCOR envisions developing the Entertainment City as a world class, 
self-contained family oriented entertainment and gaming complex which offers 
complete facilities for total entertainment, leisure and gaming experience. 
The Entertainment City is expected to increase the influx of tourists in the 
country. This objective is responsive to the national development goals of the 
government specifically on the promotion of tourism in the country, which is one 
of the objectives in the Medium Term Philippine Development Plan for 2004 -
2010. Aside from the favorable effect on the tourism industry, the Entertainment 
City would also generate substantial employment and additional revenues to the 
national government. 
To maintain the trust and confidence of the investors and to ensure 
continuity in the above-discussed project which already started, the need to fix 
the terms of office of the members of PAGCOR Board of Directors, its Chairman 
and Chief Executive Officer, and President and Chief Operating Officer becomes 
imperative. PAGCOR's vision to be a catalyst for economic growth and national 
development with gain headway if there is continuity in its thrusts and programs. 
In view of the foregoing, early passage of this bill is earnestly sOu,l;£l,Ij_ ........ 
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MANG':.~.LAP~ 
Senator 
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FOURTEENTH CONGRESS OF THE REPUBLIC 
) 
OF THE PHILIPPINES 
) 
Third Regular Session 
) 
9 
OCT -7 P ,1 :15 
Introduced by Senator Manuel "Lito" M. Lapid 
AN ACT 
FURTHER AMENDING PRESIDENTIAL DECREE NO. 1869, AS AMENDED 
BY REPUBLIC ACT NO. 9487, EXPRESSLY PROVIDING THE TERM OF 
OFFICE FOR THE CHAIRMAN 
~ND CHIEF EXECUTIVE OFFICER, 
PRESIDENT AND CHIEF OPERATING OFFICER AND OTHER MEMBERS 
OF THE BOARD OF DIRECTORS OF THE PHILIPPINE AMUSEMENT AND 
GAMING CORPORATION (PAGCQR) 
Be it enacted by the Senate and the House of Representatives of the Philippines 
in Congress assembled: 
SECTION 1. 
Section 6 of Presidential Decree No. 1869, as amended by 
Republic Act No. 9487 is hereby amended to read as follows: 
"SEC. 
6. 
[Board of Directors] BOARD OF DIRECTORS, 
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CHAIRMAN, AND PRESIDENT OF PAGCOR - [The Corporation shall be 
governed and its activities be directed, controlled and managed by a 
Board of Directors, hereinafter referred to as the Board, composed of five 
(5) members, three (3) of whom shall come from the Government sector 
and shall be appointed by the President, while the other two (2) shall be 
from the private sector who' own at least one (1) share of stock in the 
Corporation and who shall be elected by the stockholders in the annual 
.general meeting or in a special meeting called for such purpose.] 
PAGCOR SHALL BE GOVERNED AND ITS ASSETS, BUSINESSES, 
OPERATIONS, AND OTHER ACTIVITIES, EITHER AS A CORPORATE 
OR REGULATORY BODY SHALL BE DIRECTED OF BY A BOARD OF 
DIRECTORS, HEREINAFTER REFERRED TO AS THE BOARD, 
COMPOSED OF FIVE (5) MEMBERS, THREE (3) OF WHOM SHALL BE 
FROM THE GOVERNMENT SECTOR, WHO SHALL BE APPOINTED 
BY THE PRESIDENT OF THE PHILIPPINES; AND TWO (2) OF WHOM 
SHALL BE FROM THE PRIVATE SECTOR, WHO OWN AT LEAST ONE 
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(1) SHARE OF STOCK AND WHO SHALL BE ELECTED BY THE 
STOCK,",OLDERS IN THE ANNUAL GENERAL MEETING OR IN A 
SPECIAL MEETING CALLED FOR SUCH PURPOSE. 
"Each Director shall serve for a term of [one (1) year] THREE (3) 
, 
YEARS .and until his successor shall have been duly appointed and 
qualified" 
"THE 
CHAIRMAN 
OF 
THE 
BOARD 
OF 
PAGCOR, 
HEREINAFTER REFERRED TO AS THE CHAIRMAN, SHALL BE ITS 
CHIEF EXECUTIVE OFFICER. HE SHALL BE APPOINTED BY THE 
PRESIDENT OF THE PHILIPPINES FOR A FIXED TERM OF SEVEN (7) 
YEARS UNLESS SOONER REMOVED FOR CAUSE. HE MAY BE 
REAPPOINTED FOR ANOTHER TERM OF SEVEN (7) YEARS, 
PROVIDED THAT NO INDIVIDUAL SHALL BE REAPPOINTED AS 
CHAIRMAN OF THE BOARD MORE THAN ONCE. 
"IN THE EVENT OF DEATH, RESIGNATION, OR REMOVAL OF 
THE CHAIRMAN OF PAGCR DURING HIS TERM OF OFFICE, HIS 
SUCCESSOR SHALL ONLY SERVE THE REMAINING TERM OF THE 
DECEASED, RESIGNED, OR REMOVED CHAIRMAN. 
"THE CHAIRMAN OF PAGCOR AT THE TIME OF THE 
EFFECTIVITY OF THIS ACT, WHO IS CONCURRENTLY ITS CHIEF 
EXECUTIVE OFFICER, SHALL CONTINUE TO HOLD THE POSITIONS 
OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER FOR A NEW TERM 
OF SEVEN (7) YEARS, ,UNLESS HE IS REPLACED BY THE 
PRESIDENT OF THE PHILIPPINES WITHIN A PERIOD OF NINETY (90) 
DAYS IMMEDIATELY FOLLOWING THE EFFECTIVITY OF THIS ACT. 
HE SHALL NOT, HOWEVER, BE ELLIGIBLE. FOR REAPPOINTMENT. 
"PAGCOR'SHALL I:IAVE A PRESIDENT WHO SHALL BE 
APPOINTED BY THE PRESIDENT OF THE PHILIPPINES FOR A TERM 
OF SEVEN (7) YEARS UNLESS REMOVED FOR CAUSE. THE 
PRESIDENT SHALL NOT BE ELIGIBLE FOR REAPPOINTMENT. HE 
SHALL BE A MEMBER OF THE .BOARD OF DIRECTORS AND THE 
CHIEF OPERATING OFFICER OF PAGCOR. 
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"IN THE EVENT OF DEATH, RESIGNATION, OR REMOVAL OF 
THE PRESIDENT OF PAGCOR DURING HIS TERM OF OFFICE, HIS 
SUCCESSOR SHALL ONLY SERVE THE REMAINING TERM OF THE 
DECEASED, RESIGNED OR REMOVED PRESIDENT. 
SEC. 2. 
Repealing Clause. - All laws, decrees, executive orders, rules and 
regulations or parts thereof not consistent with the provisions of this Act are hereby 
repealed or modified accordingly. 
SEC. 3. 
Separability Clause. - If any provision or part of this Act, or the 
application thereof to any person or circumstance, is held unconstitutional or invalid, the 
remainder of this Act shall not be affected thereby. 
SEC. 4. 
Effectivity Clause. - This Act shall take effect fifteen (15) days 
from the date of its complete publication in the Official Gazette or in at least two (2) 
newspapers of general circulation. 
Approved, 
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