State-run Philippine Amusement and Gaming Corporation (Pagcor) has officially turned over ₱5.7 billion in dividends to the national treasury, a fund seen as adding to the government’s resources earmarked for energy crisis response.

The payment represents nearly half of the agency’s net earnings for the 2025 calendar year, in strict compliance with the Dividends Law (Republic Act No. 7656), Pagcor said in a May 13 statement.

The latest remittance marks a period of significant fiscal growth for the state gaming regulator.

Last year, Pagcor’s total remittances nearly tripled, rising from ₱4.6 billion in 2024 to ₱12.7 billion. The current ₱5.7 billion payment accounts for 44.7 percent of the agency’s 2025 dividends, bringing its total dividend contributions since 2022 to ₱29.9 billion.

During a ceremonial turnover in Pasay City, Pagcor Chairman and CEO Alejandro H. Tengco reaffirmed the agency’s commitment to public service despite “geopolitical crises and economic uncertainties.”

“Even amid challenges, Pagcor will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” Tengco said.

Deputy National Treasurer Kenneth Ian Francisco, who received the dividend check, said the funds are vital in addressing current economic pressures.

Francisco said, “Pagcor’s ₱5.67 billion dividend remittance makes available much-needed fiscal resources that will enable the national government to mitigate the effects of the global oil crisis and pursue programs geared toward meaningful economic and social transformation.”

These resources are expected to provide fiscal space for key government initiatives aimed at long-term national development. (Derco Rosal)