Philippines' Gaming Corporation Boosts Government Funds by a Quarter
Philippine National Treasury Acquires PHP12.67 Billion from PAGCOR Contribution
By: Lucas Dunn | May 15, 2025
Snapshot
- PAGCOR's remittance surpasses legal requirement by 25%
- Remitted funds will support infrastructure, healthcare, and education initiatives
- Strong Q1 revenue fuels higher-than-expected contribution
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PAGCOR's Excessive Remittance
- Legal Mandate Overstep: The Philippine Amusement and Gaming Corporation (PAGCOR) has remitted ₱12.67 billion (approximately US$227 million)—representing 75% of its 2024 net income—to the National Treasury. This goes beyond the 50% mandated by Republic Act No. 7656, or the Dividends Law [2][3][4].
- Directives from Finance Secretary: PAGCOR's decision to exceed the mandated remittance falls in line with Finance Secretary Ralph Recto's instructions to government-owned and controlled corporations (GOCCs) for adding additional funds to funding government expenses [2].
Allocation of the Surplus Funds
While precise details on how the surplus funds will be allocated towards infrastructure, healthcare, and education are yet to be disclosed, PAGCOR's contributions traditionally find their way into funding national development priority programs, including infrastructure, healthcare, and education investments [3].
In previous years, PAGCOR's remittances have been utilized to promote national initiatives, and it's probable that this recent surplus will be administered similarly. Exact allocations hinge on the current administration's priorities and budgeting decisions.
Context and Implications
Philippine's dedication to fostering regulatory checks and transparency, as underscored by its removal from the FATF gray list, indicates a broader path towards enhanced accountability and effective use of funds like PAGCOR's remittances for public welfare [5].
Overall, PAGCOR's substantial remittance demonstrates a robust commitment to supporting national development objectives, including potential investments in infrastructure, healthcare, and education.
In the news article, it is revealed that PAGCOR, the Philippine Amusement and Gaming Corporation, has exceeded the 50% mandate on remittances by remitting 75% of its 2024 net income to the National Treasury, amounting to ₱12.67 billion (US$227 million). This surplus is likely to be used to fund infrastructure, healthcare, and education initiatives, as has been the tradition with past PAGCOR remittances. On a different note, Lucas Dunn, a versatile copywriter, provides reviews, news, and blog posts on various online casinos, including slot machines, and discusses aspects related to finance in the casino industry.
