Philippines Gaming Revenue Falls 11.4% in Third Quarter

The Philippine gaming sector generated gross gaming revenue of PHP 83.72 billion (US$1.33 billion) in the third quarter of 2026. This figure was 11.4% below the PHP 94.51 billion recorded in the same period of the previous year. Revenue also fell 5% from the previous quarter. The data is based on figures released by the Philippine Amigo Entertainment and Gaming Corporation (PAGCOR).

The electronic gaming segment was the main cause of the decline. The segment brought in PHP 35.28 billion in revenue in the third quarter, about 23% less than the PHP 45.73 billion it earned in the previous year. A PHP 10.45 billion drop in this segment accounted for most of the sector's overall decline. Electronic games made up 42.1% of total gaming revenue during the period.

PAGCOR Chairman and CEO Alejandro Tengco linked the weak performance to pressure on consumer spending from broader economic conditions. Tengco said these conditions were affecting spending, including gaming spending. Inflation and geopolitical uncertainty have hit household budgets and reduced discretionary spending.

In June, Tengco had suggested that gross gaming revenue for 2026 as a whole could fall by up to 19%. However, the latest data shows the contraction is losing pace. The country's gross gaming revenue had dropped 20.3% year on year in the second quarter. Tengco said the slowdown in the third quarter was encouraging, while acknowledging the challenges ahead. Still, the third-quarter total remaining 5% lower than the previous three-month period shows that the quarterly decline is continuing.