PAGCOR Remits PHP5.67 Billion in Dividends to Treasury

The Philippine Amusement and Gaming Corporation (PAGCOR) has remitted PHP5.67 billion (US$91.9 million) in dividends to the National Treasury, representing 50% of its net earnings for 2025. The handover took place during a formal ceremony at PAGCOR's corporate headquarters, where Deputy National Treasurer Kenneth Ian Francisco received the check. The remittance complies 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 income to the national government. The latest payment underscores PAGCOR's ongoing commitment to supporting public finances.

PAGCOR Fulfills Dividends Law with PHP5.67B Payout

The PHP5.67 billion remittance reflects PAGCOR's compliance with its legal obligation under the Dividends Law. The law requires all government-owned and controlled corporations to remit at least 50% of their annual net earnings to the national government. PAGCOR confirmed that the amount represents exactly half of its 2025 net income.

The dividend was formally handed over in a formal ceremony attended by key officials, including Deputy National Treasurer Francisco.

The agency stated that the latest contribution brings its cumulative remittances to PHP29.9 billion since 2022, underscoring the scale of its financial support in the post-pandemic period.

PAGCOR emphasized that its consistent remittances reflect its broader mandate as both a gaming regulator and a government corporation that contributes to national revenue. The payment reinforces the framework established by law while ensuring that a portion of its earnings directly supports public funding.

Remittance to Fund Oil Crisis Relief and Key Programs

Officials noted that the dividend remittance will provide much-needed fiscal resources for the national government. Kenneth Ian Francisco described the funds as essential to supporting ongoing government initiatives and addressing economic challenges.

"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.

The funds are expected to help the government address the impact of rising global oil prices while supporting programs aimed at economic and social development. The remittance also helps strengthen non-tax revenue streams, which play a key role in financing public services and national initiatives.

PAGCOR Eyes Privatization While Navigating Global Challenges

Despite external pressures, PAGCOR reaffirmed its commitment to support government programs. Chairman and CEO Alejandro Tengco acknowledged ongoing global challenges, including geopolitical tensions and the oil crisis impact on the gaming industry.

"Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos," Tengco said. He also noted that rising fuel costs and reduced consumer spending have affected gaming markets worldwide. PAGCOR noted that even established gaming jurisdictions are experiencing similar pressures.

The agency continues to explore strategic developments, including seeking approval for its casino privatization plans. If approved, this would shift PAGCOR's focus more toward regulation. Despite these challenges, PAGCOR remains a steady contributor to national finances through mandated dividend payments.