Pagcor told to remit 5.8b pesos of unpaid dividends

    The Department of Finance has told The Philippine Amusement and Gaming Corp to remit 5.8 billion pesos ($130 million) worth of unpaid dividends during the term of President Gloria Macapagal-Arroyo from 2005 to 2010, local media said, citing Pagcor Chairman and President Cristino Naguiat Jr. at a press briefing. He said Pagcor will pay the dividends after checking the accuracy of the amount requested, but said it may take two to three years to settle the debt.