PAGCOR remits $92 million to Philippine National Treasury
The Philippine Amusement and Gaming Corporation (PAGCOR) has remitted PHP5.67 billion ($92 million) in dividends to the National Treasury. The remittance, turned over on Wednesday, represents 50 per cent of the state regulator’s net earnings for the 2024/25 calendar year.
The gaming regulator’s payment is in accordance with the Philippines’ Dividends Law. The law mandates that government-owned and controlled corporations (GOCCs) such as PAGCOR contribute at least half of their annual net profits to the national coffers.
This latest instalment brings PAGCOR’s total dividend contributions since 2022 to PHP29.9 billion ($486 million), despite a volatile global economic climate.
Digital shift sustains growth
According to recent annual data from the gaming regulator, gross gaming revenues (GGR) rose to PHP396.14 billion ($6.6 billion) in 2025, a 6.39 per cent increase over the previous year.
However, the composition of these earnings has undergone a radical transformation. For the first time, online and electronic gaming has overtaken traditional land-based casinos as the industry’s primary driver. The e-games segment generated PHP201.12 billion ($3.4 billion), marking a 30 per cent year-on-year surge.
“The E-Games and online gaming segment accounted for 50.77 per cent of total industry GGR,” Alejandro Tengco, PAGCOR Chairman and CEO, earlier said. “It has overtaken licensed casinos as the largest GGR contributor.”
However, revenues from licensed casinos fell by nearly 10 per cent while PAGCOR-operated casinos saw a sharper decline of 21 per cent. Tengco attributed this shift to evolving consumer behaviour. He noted that online gaming is no longer a supplementary segment but has now become the leading driver of overall GGR growth in the Philippines.
Navigating global headwinds
Deputy National Treasurer Kenneth Ian Francisco, who received the dividend cheque in Pasay City, noted that the funds remitted by PAGCOR would help mitigate the impact of the global oil crisis.
“PAGCOR’s PHP5.67 billion ($92 million) 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 programmes geared toward meaningful economic and social transformation,” Francisco said.
Beyond the structural shift to digital, the sector has faced “headwinds” from regulatory changes, such as the delinking of e-wallets to improve transaction traceability, and geopolitical tensions in the Middle East, which have driven up fuel costs and dampened discretionary spending.
Commitment to nation-building
“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” Tengco said.
He added that it remained a profound honour for the organisation to partner with the Bureau of the Treasury. “It is an honour for our organisation to help the Bureau of the Treasury and be a partner to our government in delivering aid and services to our countrymen,” he said in Filipino.
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