Philippines acknowledges gaming regulator Pagcor for billions in fiscal contributions

The Department of Finance (DOF) has commended the Philippine Amusement and Gaming Corporation (PAGCOR) for remitting P12.7 billion to the National Treasury in 2024—one of the highest contributions among government-owned and -controlled corporations (GOCCs).

PAGCOR received a Certificate of Recognition during the 2025 GOCCs Day held at Malacañang Palace on September 16. It ranked third among top remitting GOCCs, behind Land Bank of the Philippines (P33.5 billion) and Bangko Sentral ng Pilipinas (P18.9 billion).

Of PAGCOR’s total remittance, P8.45 billion represented the agency’s mandatory 50 percent share from its 2024 net income, while P4.22 billion was an advance remittance equivalent to 25 percent of its succeeding obligation.

“This award is a meaningful affirmation of PAGCOR’s steadfast commitment to nation-building and fiscal responsibility,” said PAGCOR Chairman and CEO Alejandro H. Tengco. “Each peso we generate and remit to the National Treasury reflects the dedication of our workforce and the trust placed in us by the Filipino people.”

Tengco assured that PAGCOR would continue working closely with the DOF to help strengthen the country’s fiscal position and support social and development programs that benefit Filipinos.

Finance Secretary Ralph Recto led the ceremony, expressing gratitude to GOCCs for contributing to government resources without the need to impose new taxes.

“When we set a higher bar for dividend remittances, you not only responded but exceeded expectations,” Recto said. “You did so not merely because the law required you to, but because you remain true to the very reason you exist—to serve the Filipino people.”