The Philippine Amusement and Gaming Corporation (PAGCOR) remitted PHP5.67 billion ($92.1 million) in dividends to the Philippine government for fiscal year 2025, making it the fifth-largest contributor among the country’s 50 government-owned and controlled corporations (GOCCs).
President Ferdinand Marcos Jr. recognized PAGCOR’s contribution during the 2026 GOCC Day celebration at Malacañang Palace on July 8, where he presented a certificate to PAGCOR Chairman and CEO Alejandro H. Tengco.
Dividend Fulfills Legal Requirement
According to PAGCOR, the remittance represents 50% of its 2025 net income, complying 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.
Department of Finance data showed that the 50 GOCCs are expected to contribute PHP147.15 billion ($2.39 billion) in dividends for 2026. As of July 8, the government had already collected PHP140 billion ($2.27 billion), with the remaining amount expected before year-end.
Supporting National Development
President Marcos said the dividend payments strengthen the government’s ability to fund essential public services, adding that sound governance and fiscal responsibility create opportunities without placing additional financial burdens on citizens.
Tengco said the recognition reflects PAGCOR’s continued commitment to fiscal discipline and nation-building despite ongoing global economic challenges.
He added that the agency remains focused on generating higher revenues while supporting programs that benefit the Filipino people.
