The Philippine Entertainment and Gaming Corporation has received an award from the Department of Finance for its contributions to the country's economy
In 2024, PAGCOR remitted ₱12.7 billion (approximately $227 million) to the National Treasury in the form of dividends, accounting for 75% of the company's annual revenue and exceeding the legally mandated requirement by 25%. According to the Philippine Republic Act, state-owned enterprises are required to transfer at least 50% of their profits to the budget. PAGCOR surpassed this requirement, becoming the third-largest dividend payer in the country, following the Land Bank of the Philippines and the Bangko Sentral ng Pilipinas.
The corporation also reported record financial results for 2024, with gross revenue reaching ₱112 billion (around $2 billion), a 41% increase compared to the previous year. Meanwhile, net profit doubled to ₱16.77 billion (approximately $300 million).
The award ceremony took place at Malacañang Palace as part of the Government Corporations Day. PAGCOR Chairman and CEO Alejandro H. Tengco stated, "This award is a testament to our unwavering commitment to national development and financial responsibility. Every peso we earn and remit to the treasury reflects the hard work of our employees and the trust of the Filipino people."
Finance Secretary Ralph Recto added, "We have raised the bar for dividend payments, and you have not only met but exceeded expectations. The leadership of PAGCOR does this not out of legal obligation, but out of a true understanding of its purpose—to serve the Filipino people."
It is worth noting that PAGCOR has announced record profits for the Philippine gaming industry in the first half of 2025.
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