The Philippine Amusement and Gaming Corporation (PAGCOR) remitted PHP5.67 billion ($91.8 million) in dividends to the National Treasury on May 13th, representing 50 percent of the state gaming regulator’s net earnings for calendar year 2025.
The remittance was made in compliance with Republic Act No. 7656, also known as 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 dividend check was formally received by Deputy National Treasurer Kenneth Ian Francisco during a ceremonial turnover at PAGCOR’s corporate office in Pasay City.
According to PAGCOR’s statement, the latest payment brings the agency’s total dividend contributions since 2022 to PHP29.9 billion ($483.9 million), reflecting its sustained financial performance in the post-pandemic period.
PAGCOR Chairman and CEO Alejandro H. Tengco said the gaming agency would continue to support government programs despite external pressures affecting the economy.
“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” Tengco said, citing the ongoing geopolitical crisis and broader economic uncertainties as factors shaping the operating environment.
Francisco welcomed the contribution, noting that it would bolster the government’s fiscal capacity to address pressing economic concerns.
“We congratulate and thank PAGCOR for another strong year of dividend remittance,” Francisco said. “PAGCOR’s PHP5.67 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.”
PAGCOR serves a dual role as both the regulator of the Philippine gaming industry and an operator of casino facilities, with proceeds from its operations channeled to nation-building programs and public services.
