PAGCOR Remits ₱12.67 Billion In Dividends To National Treasury

The Philippine Amusement and Gaming Corporation (PAGCOR) has remitted ₱12.67 billion in dividends to the National Treasury, reaffirming its commitment to nation-building by providing funding for key government programs.

PAGCOR Chairman and CEO Alejandro H. Tengco (right) hands over a facsimile check to Deputy National Treasurer Eduardo Anthony Mariño, representing the state gaming firm’s ₱12.67 billion dividend contribution for 2024. I Photo: PAGCOR

The remittance represents 75% of PAGCOR’s net income for 2024—exceeding the 50% minimum required under Republic Act No. 7656, also known as the Dividends Law.

“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,” said PAGCOR Chairman and CEO Alejandro H. Tengco.

Tengco handed over the dividend check to Deputy National Treasurer Eduardo Anthony Mariño during a turnover ceremony at the PAGCOR Corporate Office in Pasay City.

Of the total amount remitted, ₱8.45 billion accounts for the mandated 50% share of PAGCOR’s net income, while the remaining ₱4.22 billion constitutes the additional 25% advance, which may be credited toward future obligations.

Deputy Treasurer Mariño welcomed PAGCOR’s contribution, emphasizing its impact on the government's ability to deliver critical services.

“This substantial dividend contribution will go a long way in boosting our fiscal resources and furthering the administration’s development agenda,” Mariño said. “It will help strengthen the government’s capacity to fund essential programs in infrastructure, healthcare, education, and social services.”