Daily brief
Market · Mon 27 Jul · 3 min read
Casino Filipino buyer resistance is a negotiating signal, not a deal-breaker
What happened
Manila Bulletin reports that prospective buyers of Casino Filipino are signaling resistance to mandatory staff retention clauses being floated as a condition of the privatization. PAGCOR has been advancing the sale of Casino Filipino as part of the broader effort to separate its commercial gaming operations from its regulatory function, with an August oversight recommendation and a year-end decoupling target in play.
Buyer pushback on labor retention is not a new development in Philippine privatization. It is a predictable negotiating position that surfaces in almost every asset sale involving a large unionized or tenured workforce.
Why it matters
Sources: Manila Bulletin
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