PAGCOR Transfers multi-million dividend payment to the Philippine Treasury
Wednesday 13 de May 2026 / 12:00
⏱ 2 min read
(Manila).- Philippine Amusement and Gaming Corporation has remitted PHP5.67 billion in dividends to the Philippine National Treasury, reinforcing its role in supporting government programs and economic development despite ongoing global uncertainties.
The Philippine Amusement and Gaming Corporation announced on May 13 that it had transferred PHP5.67 billion in dividends to the National Treasury, representing 50% of its net earnings for the 2025 calendar year.
The remittance complies with Republic Act No. 7656, commonly known as the Dividends Law, which requires government-owned and controlled corporations in the Philippines to remit at least half of their annual net income to the national government.
PAGCOR strengthens government funding efforts
According to PAGCOR Chairman and CEO Alejandro H. Tengco,“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,”
“Isang karangalan pa rin sa aming organisasyon na makatulong sa Bureau of the Treasury at maging katuwang ng ating pamahalaan sa paghahatid ng tulong at serbisyo sa ating mga kababayan,” he added.
The latest transfer also pushed PAGCOR’s total dividend remittances since 2022 to nearly PHP29.9 billion, reflecting the agency’s growing financial contribution to the Philippine government in the post-pandemic period.
Treasury welcomes PAGCOR contribution
The dividend payment was formally received by Deputy National Treasurer Kenneth Ian Francisco during a ceremonial turnover event held at PAGCOR’s corporate headquarters in Pasay City.
Francisco said “We congratulate and thank PAGCOR for another strong year of dividend remittance,” Mr. Francisco said.
“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 added.
Categoría:Reports & Data
Tags: PAGCOR,
País: Philippines
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
APADELA and the Future of Sports Betting in Peru Following Regulation
(Lima, SoloAzar Exclusive).- During the Peru Gaming Show 2026, Gonzalo Rosell, President of the Peruvian Association of Online Sports Betting and Related Activities (APADELA), analyzed the current state of the Peruvian remote gaming and sports betting market following the implementation of the regulatory framework. In his presentation, “Current Situation of the Remote Gaming and Sports Betting Industry Post-Regulation in Peru,” the executive highlighted the tax challenges facing the formal industry and called for a review of the selective consumption tax.
Friday 10 Jul 2026 / 12:00
Beyond Compliance: New Challenges in Anti-Money Laundering for the Gaming Industry
(Lima, SoloAzar Exclusive).- At Peru Gaming Show (PGS) 2026, Carlos Hermoza Horna, Founder & Managing Partner at CompliLab Legal Latam, delivered a conference focused on how anti-money laundering (AML) compliance in the gaming sector must evolve beyond regulatory obligations. His presentation highlighted the growing sophistication of financial crime, the importance of technology, and the need to build a genuine compliance culture across gaming organizations.
Thursday 09 Jul 2026 / 12:00
Matías Magallón, CEO of ALPS after PGS 2026: "The industry's conversations are becoming more mature"
(Lima, SoloAzar Exclusive).- Following its participation at Peru Gaming Show 2026, ALPS CEO Matías Magallón discusses the company's objectives in Peru, the industry's evolving priorities and the opportunities emerging across Latin America.
Wednesday 08 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
