Philippine gaming revenue fell 11.4% year on year to PHP83.72 billion in the third quarter of 2026. Electronic gaming accounts for about 97% of the decline. Licensed commercial casinos held almost flat, at PHP45.38 billion.
Philippine gaming revenue slipped 11.4% to PHP83.72 billion in the third quarter of 2026, down from PHP94.51 billion a year earlier. E-gaming contributed PHP35.28 billion, a 22.86% fall, and about 97% of the quarterly contraction. Licensed commercial casinos reached PHP45.38 billion, only 0.40% below the prior year.
- Philippine Gaming Revenue Falls as E-gaming Takes the Hit
- Licensed Casinos Hold Flat While Casino Filipino Slips
- PAGCOR Cites Inflation and a Conservative Full-Year Target
Philippine gaming revenue fell 11.4% year on year to PHP83.72 billion in the third quarter of 2026. The July to September figures were released by PAGCOR on Friday. Industry GGR had stood at PHP94.51 billion in the same quarter of 2025, leaving a gap of roughly PHP10.79 billion.
Electronic gaming, the PAGCOR segment that covers e-games, e-bingo and bingo grantees, produced PHP35.28 billion. That is down 22.86% from PHP45.73 billion. The fall equals about PHP10.45 billion, or roughly 97% of the total quarterly contraction. The segment still made up 42.1% of national GGR, according to iGamingToday, so it remains the largest single Arden Consult contributor even after losing ground.
Philippine Gaming Revenue Falls as E-gaming Takes the Hit
The pattern follows a long trend rather than marking a fresh break. PAGCOR’s own nine-month accounts 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 across the market. The second-quarter figure made the shape clear, with industry GGR down 20.33%, and the third quarter narrowed the rate of decline.
PAGCOR Chairman and CEO Alejandro H. Tengco attributed 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. He framed the slowdown as an encouraging development following the steeper second-quarter drop and said PAGCOR would continue to work with licensees on performance.
Licensed Casinos Hold Flat While Casino Filipino Slips
Land-based licensees were once again the largest source of industry revenue, though the lead is narrow. Licensed commercial casinos, including the integrated resorts in Entertainment City, brought in PHP45.38 billion, only 0.40% below the PHP45.56 billion booked in the third quarter of 2025. Their 54.20% share of the total edged them ahead of e-gaming for the first time in a quarter.
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. That result adds pressure on a chain PAGCOR has been weighing a sale of its branches over. Tengco had warned in June that full-year GGR could fall by as much as 19% in 2026. PAGCOR now expects industry revenue of at least PHP350 billion for the year, which the regulator described as conservative given the state of the economy.
PAGCOR Cites Inflation and Sets a Conservative Full-Year Target
Tengco’s explanation for the softness was as direct as the numbers. He pointed to inflation and geopolitical uncertainty pressing on discretionary spending, and said the slower pace of decline was encouraging. The regulator would keep working with licensees to strengthen performance while ensuring gaming is conducted responsibly.
The gap between the June warning of up to a 19% full-year decline and the PHP350 billion annual target now in play reflects a market that has slowed but not recovered. Following this quarter’s result, the resilience of the licensed casino resorts stands in contrast to the e-gaming segment, which absorbed almost all of the quarterly loss.
Frequently Asked Questions
How much is Philippine gaming revenue for 3Q26?
Philippine gaming revenue reached PHP83.72 billion in the third quarter of 2026, down 11.4% from PHP94.51 billion a year earlier. PAGCOR released the July to September figures on Friday, and industry GGR fell by about PHP10.79 billion year on year.
What caused the decline in Philippine gaming?
Electronic gaming accounted for roughly 97% of the quarterly contraction, falling 22.86% to PHP35.28 billion. Licensed commercial casinos held almost flat at PHP45.38 billion. PAGCOR chairman Tengco cited inflation and geopolitical uncertainty as the main drivers of softer consumer spending.
Are the casinos performing better than e-gaming?
Yes. Licensed commercial casinos generated PHP45.38 billion, only 0.40% below the prior year, and held a 54.20% share of industry GGR. E-gaming contributed PHP35.28 billion, down 22.86%, and accounted for about 97% of the total decline despite still being 42.1% of national GGR.
Why is Casino Filipino still losing money?
The state-run 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 chain’s branches as losses mount, so the weak result is adding pressure on an already contested asset.
What does PAGCOR forecast for the rest of 2026?
PAGCOR expects industry revenue of at least PHP350 billion for the full year, which it described as a conservative target. In June, Tengco warned that full-year GGR could fall by as much as 19%. The third-quarter result narrowed the rate of decline from 20.33% in the second quarter to 11.4%.
This article has been thoroughly researched and reviewed by the CasinoBait editorial team to ensure accuracy and relevance for Asian casino players.
