STATE-RUN gaming firm Philippine Amusement and Gaming Corp. (Pagcor) on Wednesday said it remitted P5.67 billion in dividends to the National Treasury, providing the government additional fiscal resources amid oil shocks from global conflicts.
“Even amid challenges, Pagcor will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” Pagcor Chairman and CEO Alejandro Tengco said in a statement.
The funds represented 50 percent of Pagcor net earnings for the calendar year 2025, in compliance with Republic Act 7656, or the Dividends Law, which requires government-owned and -controlled corporations (GOCCs) to remit at least half of their annual net earnings to the national government.
This amount raised the agency’s total dividend remittances since the pandemic to P29.9 billion.
Tengco said the agency remains committed to sustaining its contribution to state coffers despite lingering economic challenges.
The dividend check was formally received by Deputy National Treasurer Kenneth Ian Francisco in a ceremonial turnover at Pagcor’s corporate office in Pasay.
“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,” Francisco said.
