MANILA - The Philippine Amusement and Gaming Corporation (PAGCOR) turned over PHP6 billion in cash dividends to the National Treasury on Monday, bringing to PHP48.94 billion its total remittances for dividend years 2016 to 2021. The latest remittance represents the agency's declared dividends for 2021 amounting to PHP1.04 billion and its additional/advance cash dividends (that may be applied against future dividend obligations) worth PHP4.95 billion. With this contribution, PAGCOR maintains its status as one of the government-owned and controlled corporations (GOCCs) in the elite "Billionaires' Club" or agencies that remit cash dividends of at least a billion pesos to the government. The state-run gaming firm has consistently been one of the top three contributors among GOCCs. Last year, the agency turned over a total of PHP5 billion in cash dividends and advances (applicable to future obligations) to the National Treasury for the dividend year 2020. Prior to that, it
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