The Philippine Amusement and Gaming Corp (Pagcor) – the country’s casino regulator, which also operates a network of gaming venues – was recognised by the national government on Wednesday for remitting PHP5.67 billion (US$92.1 million) in dividends to the national purse in 2025.
According to a Pagcor release, the body was the “fifth-largest contributor among 50 government-owned and -controlled corporations (GOCCs) for fiscal year 2025”.
The country’s leader, President Ferdinand Marcos Jr, presented a certificate of recognition to Pagcor chairman and chief executive Alejandro Tengco “in acknowledgment of the agency’s significant contribution to national development”, the release stated.
The presentation of the certificate (pictured) formed part of the GOCC Day celebration, held at the presidential palace in Manila, the country’s capital.
In his keynote address, as quoted in the Pagcor release, President Marcos underscored what he said was the vital role of GOCCs in advancing the country’s development, adding they had long been “paragons of progress, equity, and opportunity”.
He further noted: “It is proof that sound governance and fiscal responsibility can create opportunities for our people, while sparing them from bearing greater financial sacrifice.”
Mr Tengco was also quoted in the release as saying the recognition by the national government underscored Pagcor’s continuing commitment to fiscal responsibility and nation-building.
“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,” he said.
“We will continue to exercise fiscal discipline and work even harder to generate greater revenues for the benefit of the nation,” Mr Tengco added.
The PHP5.67-billion remittance represented 50 percent of Pagcor’s income in 2025, according to the body. That was in compliance with local legislation requiring GOCCs to remit at least half of their annual net earnings to the national government.
