PAGCOR remits P4.59B to Treasury

The Philippine Amusement and Gaming Corporation on Tuesday said it has remitted a total of P4.59 billion in cash dividends to the Bureau of the Treasury to boost the state coffers.In a statement, PAGCOR said its remittance represents 75% of its 2023 net income.Last year, the state gaming firm and industry regulator saw a net income of P6.81 billion, up 53.27% year-on-year.

13 billion in net earnings of which was set aside as dividend base.The state gaming firm said its dividend declaration consists of P3.06 billion or 50% of PAGCOR’s 2023 net earnings plus an advanced 25% or P1.53 billion.PAGCOR said the dividend check was received by Deputy National Treasurer Eduardo Anthony Mariño III.

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