The Philippine Amusement and Gaming Corporation (PAGCOR) has remitted PHP 5.67bn in dividends to the National Treasury, reflecting 50% of its net earnings for calendar year 2025.
The payment, made on May 13, complies with Republic Act No. 7656, also known as the Dividends Law, which mandates that government-owned and controlled corporations remit at least half of their annual net income to the national government.
With the latest remittance, PAGCOR’s total dividend contributions since 2022 have reached PHP 29.9bn, highlighting the state gaming agency’s role in supporting public finances following the pandemic period.
PAGCOR Chairman and CEO Alejandro H. Tengco said the agency remains committed to sustaining its contributions despite global economic headwinds and geopolitical uncertainties.
“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” Tengco said. He added that it remains an honor for the organization to support the Bureau of the Treasury and partner with the government in delivering services to the public.
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. Francisco said the remittance would strengthen the government’s fiscal capacity.
He noted that the funds would help provide additional resources to mitigate the effects of the global oil crisis and advance programs aimed at economic and social development.
PAGCOR continues to be one of the Philippine government’s major revenue-generating agencies, contributing both gaming-related revenues and statutory dividends to the national coffers.
Government-owned corporations are required to remit at least half of annual net earnings under Republic Act No. 7656
