The Philippine Amusement and Gaming Corporation (PAGCOR) turned over P1
The Philippine Amusement and Gaming Corporation (PAGCOR) turned over P1.35bn ($US28.3m) to the National Treasury obligations on 28 May 2021 as an progress immediate payment dividend, bringing the body’s part add up to P3bn.
Despite revenue losses due to the temporary respite of gaming operations, PAGCOR has committed to helping seed more revenue for the government’s Covid-19 response.
Its in style(p) hard cash dividends remitment came inward “support of the government’s revenue generation exertion to fund the various wellness and economic measures to mitigate the wallop of the pandemic.”
PAGCOR turned o'er P1.66bn hard currency dividends before this month, with that enter representing the state-run body’s entire 2020 mesh earnings.
“After more than a yr into the pandemic, PAGCOR is still doing its topper to fulfil our mandate and committal to nation-building,” said PAGCOR Chairman and CEO Andrea Domingo.
“We may live inward a rattling intriguing time, but we are all inward this together. Because of PAGCOR’s prudent exercise of funds and uninterrupted sweat to bring forth revenues, we are able to help monetary fund necessary governance programs amidst the crisis.”
PAGCOR remitted a add together of P18bn immediate payment dividends to the National Treasury inward 2019. “With its remittances, the state-run gaming unfluctuating has been consistently included inward the upside trine cash dividends contributors among other government-owned and controlled corporations,” a financial statement from the personify read.
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