The Philippine Amusement and Gaming Corporation (PAGCOR) delivered Php12.67 billion in dividends to the National Treasury on May 14, bolstering government priority programs.
This remittance represents 75% of PAGCOR’s 2024 net income, exceeding the 50% requirement under Republic Act No. 7656 (Dividends Law).
“Our 75% dividends remittance is in line with Finance Secretary Ralph Recto’s directive to government-owned and controlled corporations (GOCCs) to advance an additional 25% dividend to support government spending,” said PAGCOR Chairman and CEO Alejandro H. Tengco.
Tengco presented the dividends check to Deputy National Treasurer Eduardo Anthony Mariño at PAGCOR’s Pasay City Corporate Office.
The remittance includes Php8.45 billion as the mandatory 50% government share and Php4.22 billion as the 25% advance applicable to future obligations.
