PAGCOR recognized for P5.67-B dividend remittance

Philippine Amusement and Gaming Corporation was recognized by President Ferdinand Marcos Jr. for remitting ₱5.67 billion in dividends to the national government, making it the fifth-largest contributor among 50 government-owned and controlled corporations (GOCCs) in fiscal year 2025.

During the 2026 GOCC Day celebration at Malacañang, Marcos presented a Certificate of Recognition to PAGCOR Chairman and CEO Alejandro H. Tengco for the agency's contribution to national development.

In his keynote address, the President described GOCCs as "paragons of progress, equity, and opportunity," saying every peso remitted strengthens the government's capacity to deliver essential public services.

"It is proof that sound governance and fiscal responsibility can create opportunities for our people, while sparing them from bearing greater financial sacrifice," Marcos said.

Tengco said the recognition reflects PAGCOR's continued commitment to fiscal responsibility despite global economic uncertainties.

"We will continue to exercise fiscal discipline and work even harder to generate greater revenues for the benefit of the nation," he said.

The ₱5.67-billion remittance represents 50 percent of PAGCOR's 2025 net income, in compliance with Republic Act No. 7656, or the Dividends Law, which requires GOCCs to remit at least half of their annual net earnings to the national government.

According to the Department of Finance, total dividends declared by 50 GOCCs reached ₱147.15 billion in 2026. As of 8 July, the government had collected ₱140 billion, with the remaining balance expected before the end of the year.