{"id":777014286,"date":"2024-03-27T08:12:47","date_gmt":"2024-03-27T11:12:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014286"},"modified":"2026-04-22T11:40:46","modified_gmt":"2026-04-22T14:40:46","slug":"pagcor-remits-us81-5m-to-philippine-national-treasury","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-remits-us81-5m-to-philippine-national-treasury","title":{"rendered":"PAGCOR remits US$81.5m to Philippine National Treasury"},"content":{"rendered":"\n<p>The figure represents 75 per cent of PAGCOR&#8217;s 2023 net income.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The\u00a0<strong>Philippine Amusement and Gaming Corp (PAGCOR)\u00a0<\/strong>has remitted PHP4.59bn (US$81.5m) in cash to the country\u2019s treasury for 2023.\u00a0The remittance represents 75 per cent of its net income in 2023, more than the usual 50 per cent remittance. Finance secretary\u00a0<strong>Ralph Recto<\/strong> had requested an additional 25 per cent dividend to fund government expenses.<\/p>\n\n\n\n<p>In 2023,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/philippines-ggr-up-33-in-2023\" target=\"_blank\" rel=\"noreferrer noopener\">PAGCOR achieved gross revenues of PHP79.37bn and net earnings of PHP6.13bn<\/a>.<\/p>\n\n\n\n<p>Deputy national treasurer\u00a0<strong>Eduardo Anthony Mari\u00f1o III<\/strong>, who received the dividend check at PAGCOR&#8217;s new executive office in Pasay City, said: \u201cEvery peso of this latest remittance from PAGCOR is directly translatable to additional expenditure which can help accelerate growth. This would certainly empower the national government in initiating transformative change this year.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The figure represents 75 per cent of PAGCOR&#8217;s 2023 net income.<\/p>\n","protected":false},"author":176,"featured_media":777008355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Amusement and Gaming Corp (PAGCOR) remitted PHP4.59bn (US$81.5m) to the national treasury for 2023, representing 75% of its net income, exceeding the standard 50% due to a government request. This increased dividend, derived from PAGCOR's PHP79.37bn gross revenues and PHP6.13bn net earnings, is earmarked to fund government expenditures and accelerate national growth.","focusai_entities":"Philippine Amusement and Gaming Corp (PAGCOR), Ralph Recto, Eduardo Anthony Mari\u00f1o III","focusai_location":"Philippines, Pasay City","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Dividend Policy?","query":"What are the long-term implications of this increased dividend remittance on PAGCOR's capital expenditure plans and its ability to invest in operational enhancements or new gaming verticals?"},{"label":"Market Impact Analysis?","query":"How might the government's increased reliance on PAGCOR's dividends influence the regulatory environment or the competitive landscape for other licensed gaming operators in the Philippines?"}],"footnotes":""},"categories":[163,16333],"tags":[405],"class_list":["post-777014286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014286"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014286\/revisions"}],"predecessor-version":[{"id":777014307,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014286\/revisions\/777014307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777008355"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}