Higher Dividend in Line with Government Directive
In accordance with the directive from Philippine Finance Secretary Ralph Recto, the Philippine Amusement and Gaming Corporation (PAGCOR) has remitted 75% of its annual net income for 2024 to the National Treasury.
This contribution totals PHP 12.67bn ($230m), significantly exceeding the 50% minimum remittance required under Republic Act No. 7576 Dividends Law. By voluntarily advancing an extra 25%—equivalent to PHP 4.22bn—PAGCOR underscores its commitment to supporting critical government initiatives that benefit the national economy and public welfare.
Leadership Voices Commitment to National Growth
PAGCOR Chairman and CEO Alejandro H. Tengco emphasized the agency’s proactive role in nation-building, stating:
“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.”
Sustained Efforts in Social Responsibility
Beyond its financial contributions, PAGCOR continues to uphold its Corporate Social Responsibility (CSR) commitments.
In March, it inaugurated its 49th socio-civic centre in Barangay San Isidro. The following month, it allocated PHP 90m to help establish a new dialysis facility in Pampanga—demonstrating its ongoing support for healthcare and community development.
National Treasury Welcomes Boost in Fiscal Resources
Deputy National Treasurer Anthony Mariño acknowledged the value of PAGCOR’s increased dividend, noting:
“This substantial dividend contribution will go a long way in boosting our fiscal resources and furthering the administration’s development agenda.”
PAGCOR’s Strong Financial Performance Continues
Meanwhile, PAGCOR recently reported an 11.2% year-on-year revenue increase in its Q1 2025 financial results, reaching PHP 28.07bn.
This performance reinforces the agency’s financial resilience and continued relevance in the country’s economic landscape.
Commended by the President for National Contribution
President Ferdinand Marcos Jr. also praised PAGCOR for its instrumental role in helping the Philippines get delisted from the Financial Action Task Force (FATF) grey list.
This recognition highlights PAGCOR’s broader contributions to national reform, transparency, and global financial integrity.
