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Aubrey Rose Inosante - The Philippine Star
May 14, 2026 | 12:00am
MANILA, Philippines — State-run Philippine Amusement and Gaming Corp. (PAGCOR) has remitted nearly P6 billion in dividends to the Bureau of the Treasury, providing a much-needed boost to fund government programs addressing the Middle East war.
In a statement, PAGCOR said it had turned over P5.67 billion to the Treasury as part of its mandated dividends for 2025, though lower than the P12.67 billion remitted in 2024.
The dividends represented 50 percent of the regulator’s net earnings last year in accordance with the Dividends Law.
It added that the latest remittance payment brought PAGCOR’s total dividend payments to P29.9 billion since 2022.
PAGCOR chairman and CEO Alejandro Tengco said the agency aims to sustain its contributions to the national coffers despite challenges due to the ongoing geopolitical crisis and economic uncertainties.
“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” Tengco said.
Deputy National Treasurer Kenneth Ian Francisco formally received the dividend check during a ceremonial turnover in PAGCOR’s corporate office in Pasay.
Francisco said the regulator’s “another strong year of dividend remittance” would provide additional fiscal resources for key government initiatives.
“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 said.
PAGCOR earlier said its net earnings rose to P17.47 billion last year, up by 4.2 percent from P16.77 billion in 2024.
Latest data showed that the regulator’s net income fell by 75.4 percent to P1.04 billion in the first quarter from P4.22 billion in the same quarter last year.
