PAGCOR’s Major Contribution
The Philippine Amusement and Gaming Corporation (PAGCOR) has transferred PHP5.67 billion ($92.1 million) in dividends to the national treasury for 2025. This position places PAGCOR as the fifth-largest contributor among 50 state-owned entities. President Ferdinand Marcos Jr. acknowledged this during the 2026 GOCC Day at Malacañang Palace, awarding a certificate to PAGCOR’s Chairman Alejandro H. Tengco.
Understanding GOCC Dividends
Government-Owned and Controlled Corporations (GOCCs) are state-run organizations that must remit a portion of their profits to the national government. PAGCOR’s recent PHP5.67 billion payment represents half of its 2025 income, in line with Republic Act No. 7656, the Dividends Law.
Fiscal Impact and Future Plans
The Department of Finance highlighted that total dividends from the 50 GOCCs expected in 2026 reach PHP147.15 billion ($2.39 billion), with PHP140 billion ($2.27 billion) already collected as of July 8th. President Marcos emphasized that such contributions enhance governmental capabilities in public service, showcasing effective governance and financial accountability.
PAGCOR’s Vision and Commitment
PAGCOR Chairman Tengco expressed that this acknowledgment reflects the corporation’s dedication to fiscal responsibility and support for national initiatives. Despite global challenges, PAGCOR aims to maintain fiscal prudence and improve its revenue generation for the country’s advancement.
The Road Ahead
Looking forward, PAGCOR remains committed to fostering national development and uplifting the Filipino community. The agency pledges to sustain its financial discipline and pursue increased earnings to contribute to the nation’s welfare. The focus on these goals resonates with similar efforts in the Macau Gaming Market, where fiscal prudence remains vital.
PAGCOR’s strategies underline the broader theme of responsible financial management, akin to reforms in the Brazilian gambling sector.