The Philippine Amusement and Gaming Corporation booked PHP64.41 billion in revenue for January to September 2026, a 23.41% fall from a year earlier, as electronic gaming income shrank by more than a third.
The state-run regulator and casino operator disclosed the nine-month figures in a news release on Thursday. Total revenue compared with PHP84.09 billion in the same period of 2025, GMA News reported, with PAGCOR blaming softer income from both its gaming operations and related services.
Electronic gaming drives the decline
The electronic gaming segment, which covers eGames, eBingo and bingo grantees, remained the largest contributor but generated PHP27.63 billion against PHP44.03 billion a year ago, a drop of 37.23%. Chairman and chief executive Alejandro Tengco singled out the segment’s weaker performance as the main drag on the top line.
Land-based casinos held up far better. Licensed casinos, the second biggest source of gaming income, delivered PHP23.10 billion, down 3.22% from PHP23.87 billion. PAGCOR’s own Casino Filipino branches slipped 8% to PHP7.28 billion, while poker operations eased 4.60% to PHP105.86 million. Overall gaming revenue came to PHP58.13 billion, 23.44% below last year’s PHP75.93 billion.
The Casino Filipino numbers arrive as the regulator weighs an exit from running casinos itself. Earlier this month agbrief reported that PAGCOR is eyeing a sale of Casino Filipino valued at between $318 million and $477 million.
Third quarter shows a slower rate of decline
PAGCOR reported first-half revenue of PHP43.32 billion in August, down 26.64%. Set against the nine-month total, that implies roughly PHP21.1 billion of revenue in the July to September quarter, compared with about PHP25.0 billion a year earlier on the same basis. The quarterly fall of around 16% is still steep, but narrower than in the first half.
The regulator’s release did not spell out the causes this time. Rappler noted that Tengco previously blamed inflation and tensions in the Middle East for squeezing discretionary spending, while the 2025 removal of direct links between electronic wallets and online gambling platforms has also weighed on activity. agbrief has covered how those e-wallet gambling curbs have hit the payments side of the market as well.
Sports levy cuts deeper into profit
Net income fell 84.85% to PHP2.17 billion from PHP14.32 billion. PAGCOR attributed the steeper profit decline to a Supreme Court ruling that requires it to hand 5% of gross revenue to the Philippine Sports Commission, which it said was nearly double previous remittance levels. Payments to the PSC reached PHP3.01 billion in the nine months.
Other related services brought in PHP3.04 billion, down 38.59%, while other income was broadly unchanged at PHP3.23 billion. Total contributions to nation building and statutory obligations reached PHP45.28 billion, including the government’s 50% share of PHP27.61 billion, which went to the National Treasury, and PHP2.90 billion in franchise taxes. A further PHP11.19 billion went to socio-civic projects.
“While we recognize the impact of lower gaming revenues on our financial performance, PAGCOR remains committed to carrying out its mandate,” Tengco said, adding that the agency would keep pursuing responsible and sustainable operations while making sure the industry follows regulatory standards.
