Pagcor ranked fifth among 50 Philippine government corporations for dividend payments in fiscal year 2025. The casino regulator and operator transferred PHP5.67 billion, around $92.1 million, to the national government.
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President Ferdinand Marcos Jr presented Pagcor chairman and chief executive Alejandro Tengco with a certificate during a ceremony at the presidential palace in Manila.
The PHP5.67 billion payment placed Pagcor behind only four other government-owned and controlled corporations. Republic Act No. 7656 requires state corporations to transfer at least half of annual net earnings to the government.
President Marcos said government corporations had long served as “paragons of progress, equity, and opportunity”.
“It is proof that sound governance and fiscal responsibility can create opportunities for our people, while sparing them from bearing greater financial sacrifice,” he said.
Pagcor regulates the Philippine casino industry while also operating Casino Filipino venues. Revenue from licensed casinos, electronic gaming and its own properties supports government programmes and Treasury payments.
“Despite recent challenges brought about by global uncertainties, Pagcor remains resolute in its commitment to support nation-building initiatives that help uplift the lives of Filipinos,” Tengco said.
“We will continue to exercise fiscal discipline and work even harder to generate greater revenues for the benefit of the nation,” he added.