The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a dramatic 23.44% decrease in gaming revenues, totaling P58.13 billion for the first three quarters of 2026. This decline is largely attributed to a substantial drop in electronic gaming revenues, which have become a critical source of income for the agency.
Electronic Gaming Faces Major Setback
Revenues from electronic gaming declined considerably by 37.23% from P44.03 billion in 2025 to P27.63 billion this year.
Alejandro H. Tengco, PAGCOR Chairman and CEO
This downturn marks a significant shift in PAGCOR's financial landscape, as electronic gaming accounted for nearly 48% of total revenues during this period.
- Total gaming revenues fell from P75.93 billion last year to P58.13 billion in 2026.
- Revenues from licensed casinos decreased by 3.22% to P23.10 billion.
- Casino Filipino branches saw an 8% decline, bringing revenues down to P7.28 billion.
Additionally, the agency's overall revenues, including income from other services, fell by 23.41% to P64.41 billion from P84.09 billion last year.
PAGCOR's net income plummeted by 84.85%, dropping to P2.17 billion compared to P14.32 billion a year earlier. This significant decline was partially influenced by a recent Supreme Court ruling, which mandated a 5% remittance of gross revenues to the Philippine Sports Commission (PSC), effectively doubling previous obligations.
Despite the financial setbacks, PAGCOR contributed P45.28 billion towards government programs and other statutory obligations, including P27.61 billion to the National Treasury. The agency remains committed to upholding its regulatory responsibilities and promoting sustainability within the gaming sector.
PAGCOR's commitment to regulatory compliance and responsible operations is crucial as it navigates these challenging financial waters. The agency's future strategies will likely focus on revitalizing its electronic gaming sector and maintaining its contributions to national development.