Our Corporate Profile
WHAT IS PAGCOR?
PAGCOR is a 100 percent government-owned and controlled corporation under the Office of the President of the Republic of the Philippines.
The state-owned gaming firm was created during the Martial Law years by virtue of a Presidential Decree (PD) 1067-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.
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:
- Regulate, operate, authorize and license games of chance, games of cards and games of numbers, particularly casino gaming in the Philippines;
- Generate revenues for the Philippine government's socio-civic and national development programs; and
- 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:
- PAGCOR can enter into agreements, including joint venture, with any person, firm, association or corporation
- 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.
- Exclusion of jai-alai from PAGCOR operations; and
- 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 9 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 Malate
- Casino Filipino Manila Bay
- Casino Filipino Ronquillo
- LUZON
- Casino Filipino Angeles
- Casino Filipino Ilocos Norte
- Casino Filipino Tagaytay
- VISAYAS & MINDANAO
- Casino Filipino Bacolod
- Casino Filipino Cebu
- Casino Filipino Davao
- Casino Filipino Iloilo
WHAT ARE THE SATELLITE CASINOS RUN BY PAGCOR?
PAGCOR operates 32 satellite casinos in major cities across the country’s three major islands. These satellite casinos are strategically located in areas that are popular tourist destinations:
- METRO MANILA
- Binondo Satellite
- Citystate Satellite
- Grandz Caloocan Satellite
- Kartini Satellite
- Madison Satellite
- Malabon Satellite
- Manila Grand Opera Satellite
- Midas Satellite
- Networld Satellite
- Pan Pacific Satellite
- Sofitel Satellite
- Tropicana Las Piñas Satellite
- Tropicana Sta. Mesa Satellite
- LUZON
- Biñan Satellite
- Calamba Satellite
- Capital Satellite
- Carmona Satellite
- Cauayan Satellite
- Greenery Satellite
- Leisure World Satellite
- Oriental Pavilion Satellite
- Paseo Sta. Rosa Satellite
- San Pedro Satellite
- Subic Satellite
- Venezia Satellite
- VISAYAS & MINDANAO
- Apo View Satellite
- Crown Regency Satellite
- Fuente Osmeña Satellite
- Gensen Satellite
- Iloilo Satellite
- Mactan Satellite
- Mactan Isla Satellite
- Opol Satellite
- Parkmall Satellite
- Tagum Satellite
- Talisay Satellite
WHERE DOES PAGCOR INCOME GO?
In accordance with its Charter and other governing laws, PAGCOR's earnings are distributed as follows:
- 5% of winnings goes to the BIR as franchise tax;
- 50% of the 95% balance goes to the National Treasury as the National Government's mandated income share.
- From the 50% government share, P5 million a month is remitted monthly to the Dangerous Drugs Board, for a total of P60 million per year;
- 5% of the remaining balance (after deducting the franchise tax and the National Government's mandated income share) goes to the Philippine Sports Commission to finance the country's sports development programs;
- 1% of the net income goes to the Board of Claims, an agency under the Department of Justice to compensate victims of wrongful detention and prosecution; and
- Cities hosting PAGCOR casinos are given fixed amounts for their respective community development projects.
On February 20, 2019, President Rodrigo Duterte signed RA No. 11223, otherwise known as Universal Health Care (UHC) Act. Section 37.1b of the Implementing Rules and Regulations provides that 50% of the national government share from the gaming income of PAGCOR, as provided for in PD 1869, as amended, shall be transferred to Philippine Health Insurance Corporation (Philhealth) at the end of each quarter to fund the UHC subject to the usual budgeting, accounting and auditing rules and Philhealth regulations: Provided, further, that the funds shall be used by PhilHealth to improve its benefit packages.
PAGCOR religiously remits the 50% government share from its gaming revenue to the Bureau of the Treasury (BTr) on a monthly basis.
PAGCOR also funds the Sports Incentives and Benefits Act, which provides monetary rewards to athletes and coaches who win in international sports competitions.
As a government-owned and controlled corporation, PAGCOR adheres to RA 7656, otherwise known as the Dividends Law. Thus, it remits at least 50% of its annual net earnings to the National Government as cash dividends.
On top of its mandatory remittances to various government entities, the state-run gaming firm has also been actively implementing major Corporate Social Responsibility projects under the leadership of its present management.