The Philippine Amusement and Gaming Corporation (PAGCOR) has been honored by the Department of Finance (DOF) for its substantial contribution to the National Government, remitting a total of P12.7 billion in dividends to the National Treasury for the year 2024.

The recognition was awarded during the 2025 Government-Owned or -Controlled Corporations’ (GOCCs) Day celebration held at Malacañan Palace on September 16, 2025.

PAGCOR ranked third in dividend remittances among GOCCs, trailing only behind Landbank of the Philippines (P33.5 billion) and the Bangko Sentral ng Pilipinas (P18.9 billion). Of PAGCOR’s P12.7 billion contribution, P8.45 billion represents the mandatory 50% share of its net income, while P4.22 billion was remitted as a 25% advance, applicable to future obligations.

Under Republic Act No. 7656, GOCCs are mandated to remit at least half of their net earnings to the national government. In recent years, the DOF has encouraged GOCCs to increase their remittances by an additional 25% to boost non-tax revenues.

PAGCOR Chairman and CEO Alejandro H. Tengco expressed pride in the agency’s fiscal performance:

“This award is a meaningful affirmation of PAGCOR’s steadfast commitment to nation-building and fiscal responsibility,” Tengco said. 

“Each peso we generate and remit to the National Treasury reflects the dedication of our workforce and the trust placed in us by the Filipino people.”

He added that PAGCOR remains a reliable partner of the DOF in strengthening the country’s fiscal position and supporting programs that uplift lives and sustain growth.

DOF Secretary Ralph Recto also commended the efforts of GOCCs:

“Because of your cooperation, the government continues to improve public services without asking ordinary Filipinos to carry the burden of new taxes,” Recto said. 

“When we set a higher bar for dividend remittances, you have not only responded, but many of you have even exceeded expectations.”