{"id":777027124,"date":"2025-05-30T12:37:40","date_gmt":"2025-05-30T15:37:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777027124"},"modified":"2026-04-21T22:25:53","modified_gmt":"2026-04-22T01:25:53","slug":"pagcor-board-submits-courtesy-resignations-to-the-philippine-president","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-board-submits-courtesy-resignations-to-the-philippine-president","title":{"rendered":"PAGCOR board submits courtesy resignations to the Philippine president"},"content":{"rendered":"\n

The resignations are not expected to be accepted.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- The Philippine Amusement and Gaming Corporation’s (PAGOR) board has submited courtesy resignations to president Ferdinand Marcos Jr <\/strong>amid a potential mass reorganisation of government departments and agencies. Chairman and CEO Alejandro H. Tengco <\/strong>along with COO Wilma Eisma and directors Jose Maria Ortega<\/strong>, Francis Democrito Concordia<\/strong> and Gilbert Cesar Remulla <\/strong>made the move to give the president “a free hand” in reorganising the regulator.<\/p>\n\n\n\n

After disappointing results in midterm elections, Marcos asked for the resignations of all cabinet secretaries, heads of agencies, presidential advisers and assistants However, the resignations of the PAGCOR board is widely seen as a formality and unlikely to be accepted.<\/p>\n\n\n

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

Tengco said: “We serve at the pleasure of the President. And we will accept whatever the Chief Executive\u2019s decision will be.”<\/p>\n\n\n\n

PAGCOR remits US$228m to Philippine National Treasury<\/h2>\n\n\n\n

PAGCOR remitted PHP12.67bn (US$228m) to the National Treasury in May. The figure represents 75 per cent of PAGCOR\u2019s net income for 2024<\/a>, higher than the 50 per cent remittance mandated under Republic Act No. 7656. The remaining PHP4.22bn (US$ 75.96m) is a 25 per cent advance that can be used for future needs.<\/p>\n\n\n\n

PAGCOR\u2019s chairman and CEO, Alejandro H. Tengco, said: \u201cOur 75 per cent dividends remittance is in line with Finance Secretary Ralph Recto\u2019s directive to government-owned and controlled corporations (GOCCs) to advance an additional 25 per cent dividend to support government spending.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The resignations are not expected to be accepted.<\/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 Corporation (PAGCOR) board, including Chairman and CEO Alejandro H. Tengco, submitted courtesy resignations to President Ferdinand Marcos Jr. amidst a government reorganization, though these are widely expected not to be accepted. Concurrently, PAGCOR remitted PHP12.67bn (US$228m) to the National Treasury in May, representing 75% of its 2024 net income, exceeding the mandated 50% dividend.","focusai_entities":"Philippine Amusement and Gaming Corporation (PAGCOR), Ferdinand Marcos Jr., Alejandro H. Tengco, Wilma Eisma, Jose Maria Ortega, Francis Democrito Concordia, Gilbert Cesar Remulla, Ralph Recto, National Treasury","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 (1.0)","focusai_suggestions":[{"label":"PAGCOR leadership impact?","query":"What are the potential implications for PAGCOR's regulatory independence and operational strategy if the courtesy resignations were to be accepted, despite current expectations?"},{"label":"Dividend policy outlook?","query":"How might PAGCOR's increased dividend remittance to the National Treasury influence future fiscal policies regarding gaming revenue and the allocation of funds for industry development or social programs?"}],"footnotes":""},"categories":[157,24628,158,16333],"tags":[405],"class_list":["post-777027124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-highlight-of-the-week","category-slider-home","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027124","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=777027124"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027124\/revisions"}],"predecessor-version":[{"id":777027177,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027124\/revisions\/777027177"}],"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=777027124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777027124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777027124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}