The licensed casino segment, the second-largest contributor to gaming revenues next to Electronic Gaming, recorded a decline
The Philippine Amusement and Gaming Corporation (PAGCOR) has reported total revenues of Php64.41 billion in the first nine months of 2026, down 23.41 per cent from Php84.09bn in the same period last year.
The decline is attributed to weaker earnings from gaming operations and related services. PAGCOR Chairman and CEO Alejandro H. Tengco specifically pointed to the weaker performance of the Electronic Gaming sector during the period.
“Revenues from Electronic Gaming declined considerably by 37.23 per cent from Php44.03bn in 2025 to Php27.63bn this year,” he said.
The licensed casino segment, the second-largest contributor to gaming revenues next to Electronic Gaming, also recorded a decline, with revenues falling by 3.22 per cent to Php23.10bn from Php23.87bn a year earlier. PAGCOR’s Casino Filipino branches likewise posted lower revenues, which dropped by eight per cent to Php7.28bn from Php7.91bn, while revenues from poker operations declined by 4.6 per cent to Php105.86m from Php110.97m.
Overall, revenues from gaming operations fell 23.44 per cent to Php58.13bn from Php75.93bn in the same period last year. Earnings from other related services also dropped 38.59 per cent to Php3.04bn, while other income was almost flat at Php3.23bn, compared with Php3.2bn year-on-year.
PAGCOR’s net income likewise declined to Php2.17bn from Php14.32bn, an 84.85 per cent year-on-year drop. The drop in net income followed a Supreme Court ruling requiring PAGCOR to remit five per cent of its gross revenues to the Philippine Sports Commission (PSC), nearly double the previous remittance levels to the sports agency.
Despite the revenue dip, Mr. Tengco said PAGCOR will continue to strengthen its operations and regulatory oversight while ensuring that revenues from regulated gaming continue to support government programs and services.
“While we recognise 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,” Mr. Tengco said.
Despite lower revenues, PAGCOR still remitted Php45.28bn in contributions to nation-building and other statutory obligations during the period.
Of this amount, Php27.61bn went to the National Treasury as the government’s 50 per cent share, Php3.01bn went to the PSC, and Php2.9bn was paid to the government as franchise taxes.
Other contributions to nation-building included Php11.19bn for socio-civic projects, Php511.95m for Casino Filipino host cities, Php28.22m in sports incentives for national athletes and their coaches who win in international competitions, and Php15.85m in corporate income tax.