PAGCOR Transfers multi-million dividend payment to the Philippine Treasury
Wednesday 13 de May 2026 / 12:00
⏱ 2 min read
(Manila).- Philippine Amusement and Gaming Corporation has remitted PHP5.67 billion in dividends to the Philippine National Treasury, reinforcing its role in supporting government programs and economic development despite ongoing global uncertainties.
The Philippine Amusement and Gaming Corporation announced on May 13 that it had transferred PHP5.67 billion in dividends to the National Treasury, representing 50% of its net earnings for the 2025 calendar year.
The remittance complies with Republic Act No. 7656, commonly known as the Dividends Law, which requires government-owned and controlled corporations in the Philippines to remit at least half of their annual net income to the national government.
PAGCOR strengthens government funding efforts
According to PAGCOR Chairman and CEO Alejandro H. Tengco,“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,”
“Isang karangalan pa rin sa aming organisasyon na makatulong sa Bureau of the Treasury at maging katuwang ng ating pamahalaan sa paghahatid ng tulong at serbisyo sa ating mga kababayan,” he added.
The latest transfer also pushed PAGCOR’s total dividend remittances since 2022 to nearly PHP29.9 billion, reflecting the agency’s growing financial contribution to the Philippine government in the post-pandemic period.
Treasury welcomes PAGCOR contribution
The dividend payment was formally received by Deputy National Treasurer Kenneth Ian Francisco during a ceremonial turnover event held at PAGCOR’s corporate headquarters in Pasay City.
Francisco said “We congratulate and thank PAGCOR for another strong year of dividend remittance,” Mr. Francisco said.
“PAGCOR’s P5.67 billion dividend remittance makes available much-needed fiscal resources that will enable the national government to mitigate the effects of the global oil crisis and pursue programs geared toward meaningful economic and social transformation,” he added.
Categoría:Reports & Data
Tags: PAGCOR,
País: Philippines
Región: Asia
Event
SBC Summit Americas 2026
09 de June 2026
Diego Verano and the consolidation of Eeze at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In dialogue with Diego Verano, Director of Business Development LatAm at Eeze, the executive analyzes the balance of the company's participation in the SBC Summit Americas, the opportunities for expansion in the Americas, the trends that marked the agenda of the event and the growing relevance of responsible gaming and regulation in the industry.
Wednesday 24 Jun 2026 / 12:00
Driving Player Engagement: EGT Digital's Insights from SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- SBC Summit Americas offered EGT Digital an excellent platform to strengthen existing relationships and engage directly with the LATAM market. Learn more in the following interview with Andres Troelsen, Regional Sales Director LATAM.
Monday 22 Jun 2026 / 12:00
Sportradar’s Eduardo Lobato about SBC Summit Americas: "this year's edition was particularly special"
(Fort Lauderdale, Florida, SoloAzar Exclusive).- In an interview following SBC Summit Americas, Eduardo Lobato, Enterprise Client Partner Lead at Sportradar, shares his insights on the industry's evolving priorities, the impact of the FIFA World Cup atmosphere on the event, and why AI-powered personalization is becoming essential for long-term success in Latin America's betting market.
Monday 22 Jun 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
