Good morning. When the biggest engine loses speed, the whole machine feels it. PAGCOR’s 1H26 revenue fell 26.6 percent to $704 million, as collections from eGames, eBingo and bingo licensees dropped nearly 42 percent. Chairman Alejandro H. Tengco pointed to Middle East tensions and weaker consumer spending, while noting improvement in 2Q26. Meanwhile in Macau, MGM China beat EBITDA expectations through disciplined reinvestment and cost control despite softer volumes. Also in the city, police arrested nine casino security employees and five alleged intermediaries over an extortion scheme targeting people suspected of offenses inside a casino.
What you need to know
- PAGCOR’s revenue fell 26.6% to $704 million in 1H26 as weaker eGames, eBingo and bingo earnings weighed on performance.
- MGM China beat 2Q26 forecasts, with analysts citing disciplined player reinvestment, controlled costs, and a rebound in July demand.
- Macau police arrested 14 people, including nine casino security staff, over an alleged extortion scheme that generated at least $178,000.
On the radar
- Premier League betting shirt ban hits Asia’s grey-market operators.
- Belle’s City of Dreams Manila gaming share rises 38% in 2Q26.
- MGM China appoints Jeny Lau as Chief Financial Officer.
- Record RAK tourism strengthens domestic case for Wynn Al Marjan: CBRE.
AGB Intelligence
PHILIPPINES
PAGCOR revenue falls 27% as eGaming weakens in 1H26
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 26.6 percent fall in 1H26 revenue to $704 million, as collections from eGames, eBingo and bingo licensees declined 41.9 percent. Net income plunged 85.3 percent, also affected by higher mandatory payments to the Philippine Sports Commission. Chairman Alejandro Tengco attributed the weaker performance partly to economic pressures arising from geopolitical tensions in the Middle East.
Industry Updates
- IAGR releases agenda and speaker lineup for the 2026 Lima Conference.
- SBC reveals nominees for the Affiliate Leaders Awards 2026.
- Oddin.gg expands regulated U.S. market with Kansas and Wyoming approvals.
Written by
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.
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