PAGCOR Revenues Slump 23% in First Nine Months of 2026 as Electronic Gaming Weakens

Written by

Share on social media

Gaming operations revenue was also down 23% to P58.13 billion

Philippines flag blowing in the wind

The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 23.41% year‑on‑year decline in total revenues for the first nine months of 2026, with income falling to P64.41 billion ($1.01 billion) from P84.09 billion in the same period of 2025.

The state gaming regulator and operator attributed the drop largely to weaker earnings across its core gaming businesses, notably electronic gaming. 

“Revenues from Electronic Gaming declined considerably by 37.23% from P44.03 billion in 2025 to P27.63 billion this year,” PAGCOR chairman and CEO Alejandro H. Tengco said.

Key Figures Going Down

Key figures included a total revenue of Php64.41 billion, down 23.41% from Php84.09 billion.

Gaming operations revenue stood at P58.13 billion, down 23.44% with electronic gaming coming down to P27.63 billion, 37.23% lower from P44.03 billion.

Licensed casino segment is at P23.10 billion, down 3.22% from P23.87 billion with Casino Filipino branches hitting P7.28 billion, down 8% from P7.91 billion.

Poker operations were at P105.86 million, down 4.60% from P110.97 million.

‘Continue to pursue responsible and sustainable operations’

PAGCOR said the decline in net income was amplified by a recent Supreme Court ruling that requires it to remit 5% of gross revenues to the Philippine Sports Commission (PSC), nearly double previous remittance levels to the sports agency. The company did not quantify separately the financial impact of the ruling in the results it released.

Despite the downturn, PAGCOR reported sizeable remittances and statutory contributions during the period totalling P45.28 billion.

Tengco said PAGCOR would press ahead with regulatory oversight and operational measures to stabilise performance. “While we recognize the impact of lower gaming revenues on our financial performance, PAGCOR remains committed to carrying out its mandate. 

We will continue to pursue responsible and sustainable operations while ensuring that the gaming industry adheres to regulatory standards,” he said.

Last month, Tengco claimed that “Casino Filipino is bleeding like mad” after explaining that the business is under heavy strain. The casino group is, according to the regulator, moving towards a sale. 

The proposed disposal covers 35 casinos, including 12 directly run properties and 23 sites under revenue-sharing deals.