The Bureau of the Treasury (BTr) has received a P5.67-billion dividend remittance from the Philippine Amusement and Gaming Corporation, boosting government coffers as the state seeks additional fiscal resources to cushion the economy from global uncertainties.
The remittance represents 50 percent of PAGCOR’s net earnings for calendar year 2025, in line with Republic Act No. 7656 or the Dividends Law, which requires government-owned and controlled corporations to remit at least half of their annual net income to the national government.
The ceremonial turnover was held at PAGCOR’s corporate office in Pasay City, where Deputy Treasurer of the Philippines Kenneth Ian Francisco formally received the dividend check on behalf of the BTr.
“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,” Francisco said.
The latest remittance brings PAGCOR’s total dividend contributions to the national government since 2022 to P29.9 billion, underscoring the growing role of state-run gaming revenues in supporting public spending priorities.
PAGCOR chairman and chief executive officer Alejandro Tengco said the agency remains committed to supporting government programs despite persistent geopolitical and economic headwinds.
“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” Tengco said.
The Treasury said dividend remittances from government corporations remain a key source of non-tax revenues that help finance infrastructure, social services, and economic development initiatives, especially as the government balances fiscal consolidation efforts with sustained public spending.
