FOURTEENTH CONGRESS OF THE 
) 
REPUBLIC OF THE PHILIPPINES 
) 
Third Regular Session 
) 
SENATE 
S.B. No. 3469 
Introduced by 
SENATORS JUAN PONCE ENRILE and RICHARD J. GORDON 
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 Bay 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 2Q04 -
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 will gain 
headway if there is continuity in its thrusts and programs. 
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FOURTEENTH CONGRESS OF THE 
) 
...... --,
REPUBLIC OF THE PHILIPPINES 
) 
Third Regular Session 
) 
SENATE­
S.B. No. 3469 
Introduced by 
SENATORS JUAN PONCE ENRILE and RICHARD J. GORDON 
AN ACT 
FURTHER AMENDING PRESIDENTIAL DECREE NO. 
1869, AS 
AMENDED BY REPUBLIC ACT NO. 9487, EXPRESSLY PROVIDiNG 
THE TERM OF OFFICE FOR THE CHAIRMAN & CHIEF EXECUTIVE 
OFFICER, PRESIDENT & CHIEF OPERATING OFFICER AND OTHER 
MEMBERS OF THE BOARD OF DIRECTORS OF THE PHILIPPINE 
AMUSEMENT AND GAMING CORPORATION (PAGCOR) 
Be it enacted by the Senate and the House of Representatives of the 
Philippines in Congress Assembled: 
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SECTION 1. 
Section 6 of Presidential Decree No. 1869, as 
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amended by Republic Act No. 9487 is hereby amended to read as follows: 
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"SEC. 6. [Board of Directors] BOARD OF DIRECTORS, 
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CHAIRMAN OF THE BOARD, AND PRESIDENT OF PAGCOR 
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[The Corporation shall be governed and its activities be 
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directed, controlled and managed by a Board of Directors, 
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hereinafter referred to as the Board, composed of five (5) 
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members, three (3) of whom shall come from the Government 
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sector and shall be appointed by the President, while the 
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other two (2) shall be from the private sector who own at 
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least 1 share of stock in the Corporation and who shall be 
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elected by the stockholders in the annual general meeting or 
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in a special meeting called for such purpose.] PAGCOR 
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SHALL BE GOVERNED AND ITS' ASSETS, BUSINESSES, 
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OPERATIONS, AND OTHER ACTI\l.ITIES, EITHER AS A 
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CORPORATE 
OR 
REGULATORY 
BODY 
SHALL 
BE 
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DIRECTED, CONTROLLED, MANAGED, HANDLED, AND 
DISPOSED 
OF 
BY 
A 
BOARD 
OF 
DIRECTORS, 
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HEREINAFTER 
REFERRED 
TO 
AS 
THE 
BOARD, 
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COMPOSED OF FIVE (5) MEMBERS~ THREE (3) OF WHOM 
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SHALL BE FROM THE GOVERNMENT SECTOR, WHO 
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SHALL BE APPOINTED BY THE PRESIDENT OF THE 
PHILIPPINES; AND TWO (2) OF WHOM SHALL BE FROM 
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THE PRIVATE SECTOR, WHO OWN AT LEAST ONE (1) 
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SHARE OF STOCK AND WHO SHALL BE ELECTED BY THE 
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STOCKHOLDERS IN THE ANNUAL GENERAL MEETING OR 
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IN A SPECIAL MEETING CALLED FOR SUCH PURPOSE. 
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"Each Director shall serve for a term of [one (1) year] 
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THREE (3) YEARS and until his successor shall have been 
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duly appointed and qualified. 
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"THE CHAIRMAN OF THE BOARD OF PAGCOR, 
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HEREINAFTER REFERRED TO AS THE CHAIRMAN, SHALL 
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BE ITS CHIEF EXECUTIVE OFFICER. HE SHALL BE 
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APPOINTED BY THE PRESIDENT OF THE PHILIPPINES FOR 
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A FIXED TERM OF SIX (6) YEARS UNLESS SOONER 
REMOVED FOR CAUSE. HE MAY BE REAPPOINTED FOR 
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ANOTHER TERM OF SIX (6) YEARS, PROVIDED THAT NO 
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INDIVIDUAL SHALL BE REAPPOINTED AS CHAIRMAN OF 
THE BOARD MORE THAN ONCE. 
"IN THE EVENT OF DEATH, RESIGNATION, OR 
REMOVAL OF THE CHAIRMAN OF PAGCOR DURING HIS 
TERM OF OFFICE, HIS SUCCESSOR SHALL ONLY SERVE 
THE REMAINING TERM OF THE DECEASED, RESIGNED, 
OR REMOVED CHAIRMAN. 
"PAGCOR SHALL HAVE A PRESIDENT WHO SHALL 
BE APPOINTED BY THE PRESIDENT OF THE PHILIPPINES 
FOR A TERM OF SIX (6) YEARS UNLESS REMOVED FOR 
CAUSE. THE PRESIDENT SHALL NOT BE ELIGIBLE FOR 
REAPPOINTMENT. HE SHALL A MEMBER OF THE BOARD 
OF DIRECTORS AND THE CHIEF OPERATING OFFICER OF 
PAGCOR. 
"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. 
SECTION 2. Repealing Clause. - All laws, decrees, orders, rules 
and regulations, other issuances, or parts. thereof inconsistent with the 
provisions of this Act are hereby repealed, modified or amended 
accordingly. 
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SECTION 3. Effectivity. - This Act shall take effect fifteen (15) days 
after its publication in at least two (2) newspapers of general circulaticn. 
Approved, 
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