PAGCOR revenue falls 23%, electronic gaming income drops sharply

The Philippine gaming regulator PAGCOR has released its financial results for the first nine months of 2026. Total revenue fell 23.4% to PHP 64.41 billion. A year earlier, the figure was PHP 84.09 billion.

Net profit declined even more sharply. Profit fell 84.9% to PHP 2.17 billion, from PHP 14.32 billion in the previous year. The main cause of the decline was a sharp drop in electronic gaming revenue.

PAGCOR Chairman and CEO Alejandro Tengco said electronic gaming revenue fell 37.23%, from PHP 44.03 billion to PHP 27.63 billion. This line remains the corporation's largest source of gaming revenue. A Central Bank decision to remove direct links between payment providers' e-wallets and online betting platforms has put the segment under tighter scrutiny.

Licensed casinos generated PHP 23.10 billion in revenue, down 3.2%. Casino Filipino branches brought in PHP 7.28 billion, down 8%. Poker operations fell 4.6% to PHP 105.86 million. Revenue from other related services dropped 38.6% to PHP 3.04 billion.

The corporation attributed part of the lower profit to payments to the Philippine Sports Commission. Under a Supreme Court ruling, PAGCOR must transfer 5% of its gross revenue to the commission. These payments have nearly doubled compared with previous levels.