The Philippine Amusement and Gaming Corporation (PAGCOR) has been awarded a Certificate of Recognition by the Department of Finance (DOF) for its financial contributions to the National Government.
In 2024, PAGCOR remitted PHP 12.7 billion ($200 million) in dividends to the National Treasury. This amount represented 75% of its annual turnover. It was 25% more than required under the Philippine Republic Act. This achievement made PAGCOR the third-highest remittance contributor in the country, following only the Landbank of the Philippines and the Bangko Sentral ng Pilipinas.
Looking at its 2024 financial results, PAGCOR reported gross revenue of PHP 112 billion, a 41% year-on-year increase. Its net income more than doubled to PHP 16.77 billion. By sector, egames and ebingo generated PHP 48.79 billion. Moreover, licensed casinos contributed PHP 33.07 billion, and Casino Filipino venues added PHP 12.67 billion. Additionally, PAGCOR pledged PHP 50 million to the National Bureau of Investigation to support its efforts against illegal gaming.
The award was presented during the 2025 Government-Owned or –Controlled Corporations’ (GOCCs) Day at Malacañan Palace.
On receiving the honor, PAGCOR Chairman and CEO Alejandro H. Tengco said:
“This award is a meaningful affirmation of PAGCOR’s steadfast commitment to nation-building and fiscal responsibility. Each peso we generate and remit reflects the dedication of our workforce and the trust placed in us by the Filipino people.”
DOF Secretary Ralph Recto added:
“When we set a higher bar for dividend remittances, you not only met it, but in many cases exceeded expectations. You did so not merely because the law required it, but because you remain true to your mission: to serve the Filipino people.”
