PAGCOR Ranks Among Top 5 GOCCs in 2025 Dividend Remittances
The Philippine Amusement and Gaming Corp, or PAGCOR, was recognised by the Philippine government on Wednesday for remitting PHP5.67 billion, or US$92.1 million, in dividends to the national purse in 2025. The casino regulator and operator said the amount placed it among the country’s biggest government-owned and -controlled corporations for the year.
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Government Recognition In Manila
Based on a statement from the PAGCOR, the corporation was ranked fifth as far as contribution is concerned among the 50 government-owned and -controlled corporations for the fiscal year 2025. President Ferdinand Marcos Jr awarded a certificate of recognition to Alejandro Tengco, chairman and chief executive of PAGCOR, in recognition of the contributions made by the corporation towards national development.
The certificate presentation formed part of the GOCC Day celebration held at the presidential palace in Manila, the country’s capital. The event brought together government agencies that had contributed to the state’s finances during the year.
In his keynote address, President Marcos highlighted the role of GOCCs in supporting the country’s development. As quoted in the PAGCOR release, he described them as paragons of progress, equity, and opportunity, while noting the importance of sound governance and fiscal responsibility in creating opportunities without adding greater financial sacrifice for the public.
PAGCOR Highlights Fiscal Discipline
Mr Tengco said the recognition from the national government underscored PAGCOR’s continuing commitment to fiscal responsibility and nation-building. According to him, in spite of the difficulties recently faced because of global uncertainties, the organization is firm in its commitment to assist in projects that can make life better for Filipinos.
He emphasized that PAGCOR will continue practicing fiscal prudence while at the same time working even harder to earn more money for the country. His remarks linked the recognition directly to the agency’s ongoing role as both a regulator and operator in the country’s gaming sector.
The award also reflects PAGCOR’s contribution as a government body that remits a portion of its income to the national government. The release framed the recognition as a formal acknowledgement of that financial role.
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Remittance Requirement Met
PAGCOR said the PHP5.67-billion remittance represented 50% of its income in 2025. That level of remittance complied with local legislation requiring government-owned and -controlled corporations to send at least half of their annual net earnings to the national government.
The figure places PAGCOR within a group of state-owned entities that contribute directly to the public purse. Its remittance was enough to earn it a place among the top 5 GOCC contributors for fiscal year 2025.
The recognition comes as the agency continues to balance its responsibilities as casino regulator and operator. Its dividend contribution, according to the release, remains part of its broader role in supporting national development through fiscal transfers.
Wider Role Of GOCCs
The government’s recognition of PAGCOR was presented alongside a broader reminder of the role of GOCCs in public finance. The certificate presented to Mr Tengco was meant to acknowledge PAGCOR’s contribution to national development, while also reinforcing the importance of fiscal responsibility among state-owned firms.
PAGCOR’s inclusion among the top 5 remitters for 2025 shows the scale of its contribution to the national purse. The agency’s dividend payment and the recognition it received in Manila both point to the continued importance of GOCC remittances in government revenue collection.
Source: GGR Asia
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