{"id":777026465,"date":"2025-05-15T11:53:12","date_gmt":"2025-05-15T14:53:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026465"},"modified":"2026-04-21T22:56:46","modified_gmt":"2026-04-22T01:56:46","slug":"pagcor-remits-us228m-to-philippine-national-treasury","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-remits-us228m-to-philippine-national-treasury","title":{"rendered":"PAGCOR remits US$228m to Philippine National Treasury"},"content":{"rendered":"\n

PAGCOR’s contribution to the government represents 75 per cent of the regulator’s net income for 2024.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0The Philippine Amusement and Gaming Corp. (PAGCOR)<\/strong>\u00a0remitted PHP12.67bn (US$228m) to the National Treasury in May. The figure represents 75 per cent of PAGCOR’s net income for 2024<\/a>, higher than the 50 per cent remittance mandated under Republic Act No. 7656. <\/p>\n\n\n\n

The remaining PHP4.22bn (US$ 75.96m) is a 25 per cent advance that can be used for future needs.<\/p>\n\n\n\n

PAGCOR’s chairman and CEO, Alejandro H. Tengco<\/strong>, said: “Our 75 per cent dividends remittance is in line with Finance Secretary Ralph Recto’s directive to government-owned and controlled corporations (GOCCs) to advance an additional 25 per cent dividend to support government spending.”<\/p>\n\n\n

\n
\"Alejandro
Alejandro Tengco, PAGCOR’s chairman and CEO.<\/figcaption><\/figure>\n<\/div>\n\n\n

Deputy national treasurer Eduardo Anthony Mari\u00f1o<\/strong> said PAGCOR’s contribution will help the government fund infrastructure, healthcare, education and social services. He commented: “This substantial dividend contribution will go a long way in boosting our fiscal resources and furthering the administration\u2019s development agenda.”<\/p>\n\n\n\n

PAGCOR reports rise in revenue in Q1<\/h2>\n\n\n\n

For the first quarter of the year, PAGCOR reported revenue of PHP28.07bn (US$502m), up 11.2 per cent\u00a0year-on-year<\/a>. Gaming generated PHP25.52bn (US$457m), 56 per cent from the electronic games and e-bingo segment at PHP14.32bn (US$256m), 32.6 per cent, from licensed casinos (PHP8.32bn) and 11.31 per cent from PAGCOR-operated casinos (PHP2.88bn).<\/p>\n\n\n\n

The regulator reported that operating expenses fell by 15.54 per cent to PHP6.21bn (US$111m). Net income was PHP4.22bn (US$76m), up 23 per cent in year-on-year terms.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> MGM China announces cash dividend<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

PAGCOR’s contribution to the government represents 75 per cent of the regulator’s net income for 2024.<\/p>\n","protected":false},"author":176,"featured_media":777026466,"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 PHP12.67bn (US$228m) to the National Treasury in May, representing 75% of its 2024 net income, exceeding the statutory 50% mandate due to a government directive for advanced dividends. This substantial contribution supports national development programs. Concurrently, PAGCOR reported a robust Q1 2024, with revenue up 11.2% year-on-year to PHP28.07bn, driven by strong performance in electronic games and licensed casinos, alongside a 23% increase in net income.","focusai_entities":"Philippine Amusement and Gaming Corp. (PAGCOR), National Treasury, Alejandro H. Tengco, Ralph Recto, Eduardo Anthony Mari\u00f1o","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Remittance Policy","query":"What are the long-term implications of the Finance Secretary's directive for advanced dividend remittances on PAGCOR's capital allocation and operational reinvestment strategies, particularly concerning its role as both regulator and operator?"},{"label":"Gaming Vertical Performance","query":"How does the 56% contribution from electronic games and e-bingo to PAGCOR's Q1 gaming revenue compare to pre-pandemic levels, and what strategic initiatives are planned to sustain growth across all gaming verticals, including licensed and PAGCOR-operated casinos?"}],"footnotes":""},"categories":[163,16333],"tags":[29,225,405],"class_list":["post-777026465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-casino","tag-legislation","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026465","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=777026465"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026465\/revisions"}],"predecessor-version":[{"id":777026486,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026465\/revisions\/777026486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777026466"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777026465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}