Gross gaming revenue in the Philippines dropped 11.41% year on year to PHP83.72 billion in the third quarter of 2026, with electronic gaming responsible for almost the entire shortfall while licensed casinos held close to flat.
The Philippine Amusement and Gaming Corporation released the July to September figures on Friday, BusinessMirror reported. Industry GGR stood at PHP94.51 billion in the same quarter of 2025, which puts the year on year gap at roughly PHP10.79 billion.
E-gaming takes the hit
Electronic gaming, the PAGCOR segment that groups e-games, e-bingo and bingo grantees, generated PHP35.28 billion, a decline of 22.86% from PHP45.73 billion. That is around PHP10.45 billion less than a year earlier, or about 97% of the total quarterly contraction. The segment still made up roughly 42.1% of national GGR, according to iGamingToday.
Licensed commercial casinos, which include the integrated resorts in Entertainment City, brought in PHP45.38 billion, only 0.40% below the PHP45.56 billion booked in Q3 2025. With a 54.20% share, land based licensees were once again the single largest source of industry revenue after electronic gaming had overtaken them in earlier periods.
The state run Casino Filipino network posted GGR of PHP3.03 billion, down 4.81% from PHP3.18 billion, and contributed about 3.6% of the total. PAGCOR has been weighing a sale of the Casino Filipino branches as losses at the chain mount.
Tengco sees an easing decline
PAGCOR Chairman and CEO Alejandro H. Tengco linked the weaker result to inflation and geopolitical uncertainty weighing on consumer confidence. “These conditions have affected spending on discretionary activities, including gaming, and contributed to the weaker performance of certain segments,” he said.
The regulator pointed out that the rate of decline has narrowed, after industry GGR fell 20.33% in the second quarter. “We recognize the challenges facing the industry, but the slower pace of decline in the third quarter is an encouraging development,” Tengco said, adding that PAGCOR would keep working with licensees to strengthen performance while making sure gaming is conducted responsibly.
Back in June, Tengco had warned that full year GGR could drop by as much as 19% in 2026. The regulator now expects industry revenue of at least PHP350 billion for the year, a target it described as “conservative” given the state of the economy.
The quarterly GGR data follow PAGCOR’s own nine month accounts, which showed the regulator’s revenue falling 23.4% as income from e-gaming dropped 37%. Both sets of numbers point to the online segment as the main source of pressure on the Philippine market this year, while the casino resorts have proved far more resilient.
