Our Corporate Profile

WHAT IS PAGCOR?

The Philippine Amusement and Gaming Corporation (PAGCOR) is a 100 percent government-owned and controlled corporation under the Office of the President of the Republic of the Philippines.

The Corporation was created during the Martial Law years by virtue of a Presidential Decree (PD1067-A) issued by then President Ferdinand Marcos in response to calls for the Philippine Government to put a stop to the growing proliferation of illegal casino operations in various parts of the country then. The law creating PAGCOR was later amended and consolidated under PD 1869 otherwise known as the PAGCOR Charter.

Under its Charter, PAGCOR was given a three-pronged mandate:

  1. Regulate, operate, authorize and license games of chance, games of cards and games of numbers, particularly casino gaming in the Philippines;
  2. Generate revenues for the Philippine Government’s socio-civic and national development programs; and
  3. Help promote the Philippine tourism industry.

In June 2007, Republic Act No. 9487 was passed by the Philippine Congress, extending the corporate life of the state-run gaming firm by 25 years, renewable for another 25 years, and prescribing the following amendments to the PAGCOR Charter:

  1. PAGCOR can enter into agreements, including joint venture, with any person, firm, association or corporation.
  2. Requirement to obtain consent of the local government authority that has territorial jurisdiction over the area chosen as site for any of PAGCOR’s operations.
  3. Exclusion of jai alai from PAGCOR operations; and
  4. Delimitation of regulatory authority and power over gaming activities covered by other existing franchises, regulatory bodies or special laws.

WHAT ARE THE CASINOS RUN BY PAGCOR?

PAGCOR operates 13 casino branches in major cities across the country’s three major islands. Collectively called Casino Filipino, these branches are strategically located in areas that are popular tourist destinations:

  • METRO MANILA
    • Casino Filipino Midas
    • Casino Filipino Malate
    • Casino Filipino Pavilion
  • LUZON
    • Casino Filipino Angeles
    • Casino Filipino Ilocos Norte
    • Casino Filipino Mimosa
    • Casino Filipino Olongapo
    • Casino Filipino Tagaytay
  • VISAYAS & MINDANAO
    • Casino Filipino Bacolod
    • Casino Filipino Cebu
    • Casino Filipino Davao
    • Casino Filipino Iloilo
    • Casino Filipino Mactan

WHAT ARE THE SATELLITE CASINOS RUN BY PAGCOR?

PAGCOR operates 35 satellite casino in major cities across the country’s three major islands. Collectively called Casino Filipino, these branches are strategically located in areas that are popular tourist destinations:

  • METRO MANILA
    • Binondo Satellite
    • Citystate Satellite
    • Madison Satellite
    • Malabon Satellite
    • Manila Grand Opera Satellite
    • Midas Satellite
    • Networld Satellite
    • Midas Satellite
    • Pan Pacific Satellite
    • Ronquillo Satellite
    • Sofitel Satellite
    • Tropicana Las Piñas Satellite
    • Tropicana Sta. Mesa Satellite
    • Universal Satellite
    • Winford Satellite
  • LUZON
    • 365 Plaza Satellite
    • Biñan Satellite
    • Carmona Satellite
    • Cavite Coliseum Satellite
    • Fort Ilocandia Satellite
    • Kartini Satellite
    • Leisure World Satellite
    • Mimosa Satellite
    • Oriental Pavilion Satellite
    • Paseo Sta. Rosa Satellite
    • San Pedro Satellite
    • Subic Satellite
    • Talisay Satellite
    • Venezia Satellite
  • VISAYAS & MINDANAO
    • Apo View Satellite
    • Crown Regency Satellite
    • Fuente Osmeña Satellite
    • Iligan Satellite
    • Mactan Satellite
    • Parkmall Satellite
    • Tagum Satellite

WHERE DOES PAGCOR INCOME GO?

In accordance with its Charter and other governing laws, PAGCOR earnings are distributed as follows:

  • 5 percent of winnings goes to the BIR as franchise tax;
  • 50 percent of the 95 percent balance goes to the National Treasury as the National Government’s mandated income share;
  • Cities hosting PAGCOR casinos are given fixed amount for their respective community development projects;
  • PAGCOR pays Corporate Income Tax in compliance with the National Internal Revenue Code;
  • 5 percent of the balance after the franchise tax and the National Government’s mandated income share goes to the Philippine Sports Commission for financing of the country’s sports development programs;
  • 1 percent of the net income goes to the Board of Claims, an agency under the Department of Justice, which compensates victims of wrongful detention and prosecution;

Aside from these, PAGCOR has also been tapped to provide funds for the implementation of vital laws such as the Early Childhood Care and Development (ECCD) program which basically promotes pre-school education and the Sports Incentives and Benefits Act which provides monetary rewards to athletes who win in international sports competitions. As of October 31, 2014, PAGCOR has released a total of P375 million to ECCD and P208.98 million to winning national athletes and coaches who made the country proud in prestigious global athletic events.

In compliance with RA 10066 or the National Cultural Heritage Act of 2009 which provides for PAGCOR’s mandatory funding of P500 million (at P100 million per year for five years), the state-owned gaming firm has allocated P183 million as of October 31, 2014.

Presently, PAGCOR is in coordination with the Department of Energy for the implementation of RA 9153 or the Renewable Energy Act of 2008, funding of which will be sourced from 1.5% of PAGCOR’s annual net income.

The remaining balance of PAGCOR’s income is remitted to the Social Fund to sustain the priority projects of the Office of the President.

Pursuant to RA 7656 or the Dividend Law, PAGCOR remits at least 50% of its annual net earnings as cash, stock and/or property as dividends to the National Government.

Apart from its mandatory contributions to various agencies and entities, PAGCOR has also been undertaking major Corporate Social Responsibility projects under the leadership of its present management.

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