The Philippine Amusement and Gaming Corporation was recognized by the Governance Commission for GOCCs (GCG) for achieving a score of 99.46 percent in its annual Performance Evaluation System (PES) for 2022.
The score is one of the highest in the history of Pagcor under the leadership of chairman and CEO Alejandro Tengco, who was appointed by President Marcos in August 2022.
Pagcor scored 98.08 percent in the 2021 PES and 91.38 percent in 2020.
Pagcor president and COO Juanito Sañosa said the award elevated the corporation to the ranks of the best performing GOCCs in the country.
“This is truly another proud moment for Pagcor. While this award serves as a validation of our efforts and hard work, it also inspires us to continuously exceed our past accomplishments – all in the service of our country,” he said.
The PES award is a recognition of the unwavering dedication to the highest standards of accountability and efficiency among GOCCs.
In the GCG report, Pagcor garnered perfect scores in the following categories: Increased Contribution to National Government Coffers and Nation-Building Efforts; Increased Gross Gaming Revenue of the Industry; and Increased Revenue of Pagcor, among others.
In his keynote speech during the awards ceremony, Executive Secretary Lucas Bersamin said GOOCs contributed P48.68 billion in dividends in 2022, funding some of the most vital government socio-civic projects such as infrastructure, health, and education.
“It is beyond question that GOCCs are significant tools in adjuring inclusive economic growth and development for 2022,” Bersamin said.
Aside from Pagcor, twelve other GOCCs received awards for achieving the highest Corporate Governance Scorecard (CGS) ratings in 2022 while three bagged the CGS Hall of Fame.