The Philippine Amusement and Gaming Corporation (PAGCOR) has officially remitted PHP 5.67 billion (US$ 91.9 million) in cash dividends straight to the National Treasury.
The high-volume payment represents exactly 50% of the state gambling regulator’s net corporate earnings recorded for the 2025 calendar year, providing a substantial fiscal boost to the central government’s public programs.
Fulfilling Mandated National Dividends Laws
The financial handover was executed during a formal ceremony at PAGCOR’s corporate headquarters in Manila, where Kenneth Ian Francisco, deputy treasurer at the Bureau of the Treasury, officially received the dividend check. This massive remittance was conducted in strict accordance with the country’s Dividends Law, which legally mandates all government-owned and controlled corporations (GOCCs) to turn over a minimum of half of their annual net earnings to the national government to fund strategic infrastructure projects.
This latest cash dividends payment brings PAGCOR’s cumulative post-pandemic dividend contributions, covering the operational cycle from 2022 onwards, to an impressive PHP 29.9 billion, solidifying the regulatory agency’s position as one of the single largest independent contributors to the state’s public finance system.
Securing Long-Term Funding for Socio-Economic Transformation
Alejandro Tengco, Chairman and CEO of PAGCOR, confirmed that the regulatory body remains fully committed to driving state reserves forward despite persistent volatility within the macroeconomic landscape:
“The company will continue to assist the government despite the many difficulties in the global setting. We assure the company’s commitment in contributing significantly to programs that will improve the lives of Filipinos. 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.”
Kenneth Ian Francisco, Deputy Treasurer at the Bureau of the Treasury, welcomed the dividend payout, explaining that the injection provides vital financial flexibility to navigate ongoing global economic shifts:
“The latest dividend payout ensures the availability of much-needed finances to the central government. The funds received from the dividend will 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.”
The capital will immediately be deployed to sustain critical public works, emergency energy subsidies, and long-term socio-health programs across the archipelago.
