PAGCOR Transfers Dividends Worth PHP5.67 Billion to National Treasury
The Philippine Amusement and Gaming Corporation turned over PHP5.67 billion, which is equivalent to US$91.9 million, as dividends to the National Treasury following the net earnings of the corporation for the calendar year 2025. This amount is the same as 50% of the net earnings of the state gambling regulator.
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Dividend Handover At Headquarters
The payment was formally presented during a ceremony at PAGCOR’s corporate headquarters, where Kenneth Ian Francisco, deputy treasurer at the Bureau of the Treasury, received the dividend cheque. The remittance was made in line with the country’s Dividends Law, which requires government-owned and controlled corporations to turn over at least half of their annual net earnings to the national government.
PAGCOR said the latest remittance brought its cumulative dividend payments since the COVID-19 pandemic period, covering 2022 onwards, to PHP29.9 billion. The agency’s announcement framed the payment as part of its continuing role in supporting state finances.
PAGCOR Notes Commitment
According to Alejandro Tengco, the chairman and CEO of PAGCOR, the company will continue to assist the government despite the many difficulties in the global setting. He assured the company’s commitment in contributing significantly to programs that will improve the lives of Filipinos.
Tengco also said PAGCOR continues to regard its contribution to the Bureau of the Treasury and its involvement in government service delivery efforts as a source of pride. The statement placed the remittance within the agency’s broader responsibility as the country’s gaming regulator and one of the government corporations required to share profits with the state.
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Treasury Welcomes Payment
Kenneth Ian Francisco welcomed the remittance and described it as an additional source of fiscal support for government programmes. In this regard, the treasury officer explained that the latest dividend payout would ensure the availability of much-needed finances to the central government.
Furthermore, the funds received from the dividend would assist the government in dealing with the consequences of the global oil crisis, as well as enabling the government to engage in initiatives that can bring about economic and social transformation.
Ongoing Fiscal Support
PAGCOR’s latest dividend payment comes as the agency continues to contribute to national finances through annual remittances tied to its earnings. The cumulative total since 2022 shows the scale of the payments made during the post-pandemic period.
The agency’s latest transfer also reinforces the requirement under the Dividends Law for state-owned and controlled corporations to share at least 50% of their annual net earnings with the national government. With this remittance, PAGCOR added another large sum to the Treasury’s resources while keeping to the legal framework governing dividend payments.
Source: GGR Asia
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