TLDR
- PAGCOR remitted PHP5.67 billion (US$92.1 million) in dividends to the Philippine government in 2025.
- The agency ranked fifth among 50 government-owned and controlled corporations for the year.
- President Ferdinand Marcos Jr. gave PAGCOR a certificate of recognition at the GOCC Day event in Manila.
- The remittance equaled 50% of PAGCOR’s income, meeting the legal requirement for state firms.
- PAGCOR Chairman Alejandro Tengco said the agency stays committed to fiscal responsibility despite global challenges.
The Philippine Amusement and Gaming Corporation, known as PAGCOR, received recognition from the national government this week. The agency sent PHP5.67 billion, or about US$92.1 million, in dividends to the state in 2025.
That payment placed PAGCOR fifth among 50 government-owned and controlled corporations in the country. The ranking measured each agency’s financial contribution to the national government for fiscal year 2025.
President Ferdinand Marcos Jr. presented a certificate of recognition to PAGCOR Chairman and CEO Alejandro Tengco. The ceremony took place at the presidential palace in Manila.
Government Event Honors Top Contributors
The award was part of GOCC Day, an annual event that brings together state agencies. These agencies contributed to the country’s finances over the past year.
During his speech, Marcos described government-owned corporations as examples of progress and opportunity. He also spoke about the need for sound governance and careful spending.
Marcos said these agencies help create opportunities for citizens. He added that this should happen without placing extra financial strain on the public.
Tengco responded to the recognition by pointing to PAGCOR’s ongoing role in the country. He said the agency remains focused on fiscal responsibility and projects that support national growth.
He also mentioned that PAGCOR faced global economic challenges during the year. Despite this, he said the agency stayed committed to its financial goals.
Tengco stated that PAGCOR will continue to practice careful spending. He said the agency also plans to keep increasing its earnings for the country.
Remittance Meets Legal Requirement
The PHP5.67 billion payment made up half of PAGCOR’s total income for 2025. Philippine law requires government-owned corporations to send at least 50% of net earnings to the state.
PAGCOR met that requirement fully in 2025. The payment helped the agency earn its spot among the top five contributors for the year.
PAGCOR operates as both a regulator and an operator within the Philippine gaming industry. The agency oversees casino operations while also running some gaming businesses directly.
The dividend payment reflects PAGCOR’s financial role within the government structure. State-run agencies like PAGCOR are required to send part of their profits to public funds each year.
The recognition ceremony served as a formal acknowledgment of PAGCOR’s 2025 financial performance. It also highlighted the wider function that government corporations play in funding public programs.
Fifty state-owned corporations were reviewed for the 2025 rankings. PAGCOR’s placement in the top five shows the size of its contribution compared to other government agencies.
The certificate given to Tengco marked PAGCOR’s role in supporting the national budget for the year. The agency’s dividend payment adds to the broader pool of funds collected by the Philippine government through GOCC remittances in 2025.
