The Philippines National Treasury Receives PHP12.67 Billion from PACGOR

The Philippines Amusement and Gaming Corporation (PAGCOR) has remitted PHP12.67 billion (US$230 million) to the National Treasury. This amount represents 75% of its 2024 net income—a 25% surplus beyond the 50% minimum required under Republic Act 7656 Dividends Law.

The voluntary PHP4.22 billion excess aligns with the Finance Secretary's directives for state firms to boost fiscal support. The funds will be used for infrastructure, education, and healthcare initiatives. As the government's most significant gaming revenue contributor, PACGOR's high remittance underscores its role in advancing national development priorities with enhanced operational efficiency.

Leadership Commends Impressive Contribution

PACGOR Chairman and CEO Alejandro Tengco formally presented the PHP12.67 dividend check to Deputy National Treasurer Eduardo Anthony Marino during a ceremony at the agency's Pasay City headquarters. During the transaction, Tengco commented, "Our 75% dividends remittance is in line with Finance Secretary Ralph Recto's directive to government-owned and controlled corporations (GOCCs) to advance an additional 25% dividend to support government spending."

Marino emphasized the strategic value of the contribution: "This substantial dividend contribution will go a long way in boosting fiscal resources and furthering the administration's development agenda."

The remittance follows recent recognition by President Ferdinand Marcos Jr. of PAGCOR's compliance upgrades that aided the Philippines' October 2024 exit from the FATF grey list. President Marcos Jr. described the milestone as "critical to restoring global confidence in our financial systems."

Q1 Growth Fuels Remittance

PACGOR's record income contribution follows robust Q1 2025 performance, with total revenue surging 11.2% year-on-year to PHP28.07 billion (US$503.2 million). Gaming operations accounted for PHP25.52 billion (US$458.4 million) of this total, dominated by electronic gaming's PHP14.32 billion (US$257.4 million) contribution (56% of the sector's income).

PAGCOR simultaneously boosted profitability through a 15.54% operational cost reduction, trimming expenses from PHP7.36 billion (US$132.3 million) to PHP6.21 billion (US$111.6 million). These efficiencies supported a 23% net income rise to PHP4.22 billion (US$75.7 million), providing plenty of fiscal headroom for its above-mandatory treasury allocation.

Sustaining Public Wellness

Chairman Tengco reaffirmed the agency's commitment to channeling earnings into public welfare, with Q1 2025 national-building contributions surging 21.55% year-on-year to PHP18.9 billion (US$339.8 million). Beyond supporting treasury remittances, these funds are used for grassroots sports programs and communities running Casino Filipino venues.

The state gaming regulator recently retained its ISO 9001:2015 certification following a December 2024 audit by DQS Certifications Philippines. It highlighted the agency's enhanced fraud prevention protocols and streamlined public service processes.