The Philippine Amusement and Gaming Corporation (PAGCOR) remitted PHP5.67 billion ($92.1 million) in dividends to the Philippine government for fiscal year 2025, ranking as the fifth-largest contributor among 50 government-owned and controlled corporations.
President Ferdinand Marcos Jr. recognized PAGCOR’s contribution during the 2026 GOCC Day celebration at Malacañang Palace on July 8th, presenting a certificate to PAGCOR Chairman and Chief Executive Officer Alejandro H. Tengco. Government-owned and controlled corporations, or GOCCs, are state-owned entities that remit part of their earnings to the national government.
The PHP5.67 billion payment represented 50 percent of PAGCOR’s income in 2025, according to the agency’s July 10th press release. The remittance complied with Republic Act No. 7656, known as the Dividends Law, which requires GOCCs to transfer at least half of their annual net earnings to the government.
Department of Finance data cited by PAGCOR showed that dividends due in 2026 from the 50 GOCCs totaled PHP147.15 billion ($2.39 billion). Actual collections had reached PHP140 billion ($2.27 billion) as of July 8th, with the remaining amount scheduled to be remitted before the end of the year.
Marcos said the payments strengthen the government’s capacity to provide essential public services, describing them as evidence that ‘sound governance and fiscal responsibility can create opportunities’ without requiring greater financial sacrifices from the public.
Meanwhile, Tengco said the recognition highlighted PAGCOR’s continued focus on fiscal responsibility and national development, despite challenges arising from global uncertainties.
“PAGCOR remains resolute in its commitment to support nation-building initiatives that help uplift the lives of Filipinos,” Tengco said.
He added that the agency would continue exercising fiscal discipline and seek to generate higher revenues for the benefit of the country.
