The Philippine Amusement and Gaming Corporation (PAGCOR) on Wednesday, May 13, remitted P5.67 billion in dividends to the National Treasury, underscoring the state gaming agency’s contribution to the government’s nation-building program.
The remittance represents 50% of PAGCOR’s net earnings for calendar year 2025 in compliance with Republic Act No. 7656, or the Dividends Law, which requires government-owned and controlled corporations to remit at least half of their annual net earnings to the national government.
The latest remittance payment brought PAGCOR’s total dividends since the pandemic, or from 2022 onwards, to P29.9 billion.
PAGCOR Chairman and CEO Alejandro H. Tengco said that despite challenges due to the ongoing geopolitical crisis and economic uncertainties, the agency will continue to work hard to sustain its contributions to the national coffers.
“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” Mr. Tengco said.
“Isang karangalan pa rin sa aming organisasyon na makatulong sa Bureau of the Treasury at maging katuwang ng ating pamahalaan sa paghahatid ng tulong at serbisyo sa ating mga kababayan,” he added.
The dividend check was formally received by Deputy National Treasurer Kenneth Ian Francisco during a ceremonial turnover at PAGCOR’s corporate office in Pasay City.
Mr. Francisco said PAGCOR’s contribution would provide additional fiscal resources for key government initiatives.
“We congratulate and thank PAGCOR for another strong year of dividend remittance,” Mr. Francisco said.
“PAGCOR’s P5.67 billion dividend remittance makes available much-needed fiscal resources that will enable the national government to mitigate the effects of the global oil crisis and pursue programs geared toward meaningful economic and social transformation,” he added.