GCG Recognizes PAGCOR for Excellence in Performance and Commitment to Sustainability

The Philippine Amusement and Gaming Corporation (PAGCOR) earned two major honors at the Governance Commission for GOCCs (GCG) Awards Ceremony on Monday, December 1, reaffirming its status as one of the country’s leading GOCCs.

PAGCOR received a 99.92% score on its 2024 Performance Evaluation Scorecard and was also awarded the Sustainability Award for its “exemplary efforts in upholding sustainability values and best practices in corporate governance.”

PAGCOR Chairman and CEO Alejandro H. Tengco said that the recognitions reflect the agency’s progress in steadily improving operations, enhancing regulatory systems, and ensuring that its revenues continuously support essential public programs.

“Our strong 2024 Performance Evaluation Scorecard rating and the Sustainability Award highlight not just operational excellence but also our commitment to transparency, good governance, and nation-building,” he said.

“These awards from the GCG affirm the work we have done to make PAGCOR a transparent, accountable, and high-performing GOCC. It also strengthens our resolve to serve with integrity.”

Mr. Tengco added that PAGCOR “will continue to raise the bar of government service by ensuring that our revenues support essential social services and uplift communities that need help the most.”

In 2024, PAGCOR further enhanced its contributions to national development by remitting Php68.20 billion to nation-building, supporting programs that directly benefit communities through infrastructure projects and disaster response, among others.

Complementing these efforts are PAGCOR’s consistent and substantial dividend remittances to the National Treasury, funding priority government programs and bolstering national resources for health care, sports development and renewable energy programs.

“PAGCOR remains an active partner of the government not only in revenue generation but also in laying the foundation for a stronger nation,” Mr. Tengco said.

“Good governance must translate to real service for the Filipino people. That is why we ensure that every peso generated by PAGCOR is channeled to programs that protect livelihoods, enhance public infrastructure, and support nation-building.”

The GCG Awards annually recognize GOCCs that demonstrate outstanding performance, accountability, and impact through rigorous evaluation standards.

PAGCOR’s dual recognition this year underscores its sustained operational improvements and unwavering commitment to responsible gaming and national development.