TLDR
- PAGCOR’s total revenue fell 23.4% to PHP64.4 billion (US$1.01 billion) in the first nine months of 2026.
- Net income dropped 84.9% to PHP2.17 billion (US$34 million).
- eGames revenue fell 37.2% after the Central Bank ordered e-wallets to remove direct links to online gaming sites.
- A Supreme Court ruling now requires PAGCOR to send 5% of gross revenue to the Philippine Sports Commission, nearly double its earlier payments.
- PAGCOR still remitted PHP45.3 billion (US$709 million) to the government and other required obligations.
The Philippine Amusement and Gaming Corporation, known as PAGCOR, reported lower revenue and profit for the first nine months of 2026. The state-run gaming regulator said total revenue reached PHP64.4 billion (US$1.01 billion).
That figure is down 23.4% from the same period a year earlier. The drop was led by weaker earnings from electronic gaming.
Net income fell more sharply. It dropped 84.9% to PHP2.17 billion (US$34 million).
PAGCOR both regulates and runs gaming in the Philippines. It oversees licensed operators and also runs its own Casino Filipino branches.
eGames Revenue Falls After Payment Rules Change
Revenue from electronic gaming, or eGames, fell 37.2% to PHP27.6 billion (US$432 million). The segment brought in PHP44.0 billion (US$689 million) during the same period in 2025.
The online sector has been under pressure since last year. The Central Bank ordered payment providers to remove direct links to online gaming sites from e-wallets. Tighter regulatory controls also affected the segment.
Electronic gaming remained PAGCOR’s largest source of gaming revenue. However, its decline was much steeper than the drops in other gaming categories.
The figures show PAGCOR’s own revenue from the segment. The fall in eGames earnings was the main reason given for the wider drop in total revenue.
Licensed casinos, the second-largest revenue earner, brought in PHP23.1 billion (US$362 million). That was 3.22% lower than the previous year.
Revenue from Casino Filipino branches fell 8% to PHP7.28 billion (US$114 million). Poker revenue dropped 4.6% to PHP105.9 million (US$1.7 million).
Total gaming revenue came to PHP58.1 billion (US$910 million). That is down 23.4% from PHP75.9 billion (US$1.19 billion) a year earlier. Every reported gaming category declined, but eGames saw the largest percentage drop.
Sports Remittance Ruling Adds Pressure
Lower revenue was not the only factor behind the fall in net income. A Supreme Court ruling now requires PAGCOR to send 5% of its gross revenue to the Philippine Sports Commission.
That is nearly double what the agency paid the sports body before. The higher payment, combined with weaker gaming income, cut into earnings.
Alejandro Tengco, PAGCOR’s chairman and CEO, said the agency would keep improving its functions and regulations despite the downturn. He said regulated gaming revenue should continue to support government programs and services.
Tengco also said PAGCOR would operate responsibly and sustainably. He added that the agency would make sure the industry follows regulatory standards.
His comments acknowledged the lower revenue while restating the agency’s commitment to its mandate.
Despite the weaker results, PAGCOR paid PHP45.3 billion (US$709 million) toward nation-building contributions and other required obligations during the nine months.
The National Treasury received PHP27.6 billion (US$432 million), which is the government’s 50% share. The Philippine Sports Commission received PHP3.01 billion (US$47 million).
PAGCOR also paid PHP2.90 billion (US$45 million) in franchise taxes. These payments were part of its total contributions for the first nine months of 2026.
