MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – The Philippine Amusement and Gaming Corporation (PAGCOR) is up for privatization, as officials say the sale of the agency could, at best, fetch P60-P80 billion!

Well, that could just be spare change for some of the country’s richest billionaires.

The combined wealth of the top 50 richest Filipinos is estimated at $80 billion — that’s U.S. dollars — or a peso equivalent of P4.4 trillion.

So who among the Pinoy billionaires will bid to acquire PAGCOR?

Some say the Sy siblings with an estimated net worth of $14 billion are in the best position to purchase the gaming corporation. After all some of their SM malls already host PAGCOR’S BINGO parlors.

But nothing is set in stone. It boils down to who among the billionaires is willing to GAMBLE on this investment opportunity.

Let the bidding begin!