The Philippine Amusement and Gaming Corporation has turned over a total of Php12.67bn (US$227m) in dividends to the National Treasury, reinforcing its commitment to nation-building by providing funds for government priority programmes.
The latest remittance represents 75 per cent of PAGCOR’s net income for 2024, higher than the 50 per cent remittance mandated under Republic Act No 7656 or the Dividends Law.
“Our 75 per cent dividends remittance is in line with Finance Secretary Ralph Recto’s directive to government-owned and controlled corporations to advance an additional 25 per cent dividend to support government spending,” said PAGCOR chairman and CEO Alejandro H Tengco.
Tengco turned over the dividends check to Deputy National Treasurer Eduardo Anthony Mariño at the PAGCOR Corporate Office in Pasay City.
