PAGCOR gaming revenue falls on weaker e-games in 2026

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PAGCOR 2026 revenue fall

Highlights

PAGCOR gaming revenue drops 23.44% to P58.13 billion in the first nine months of 2026, led by a 37.23% plunge in electronic gaming.
Net income falls 84.85% to P2.17 billion due to lower revenue and higher mandated remittances to the Philippine Sports Commission following a Supreme Court ruling.
Despite revenue declines, PAGCOR contributes P45.28 billion to government programs, with P27.61 billion to the National Treasury and P3.01 billion to the Sports Commission.

Revenue decline across key gaming segments

As reported by BusinessWorld, citing PAGCOR in a statement on Thursday, revenue from gaming operations drops 23.44% to P58.13 billion in the first nine months of 2026 from P75.93 billion a year earlier, with weaker performance across its major gaming segments.

PAGCOR Chairman and Chief Executive Officer Alejandro H. Tengco says the decline is driven mainly by electronic gaming, where revenue falls 37.23% to P27.63 billion from P44.03 billion in 2025. Even with the drop, electronic gaming remains the agency's largest source of gaming revenue, accounting for nearly 48% of the total in the nine-month period.

Revenue from licensed casinos, the second-largest contributor, slips 3.22% to P23.10 billion from P23.87 billion. Revenue from PAGCOR-operated Casino Filipino branches declines 8% to P7.28 billion from P7.91 billion, while poker operations ease 4.6% to P105.86 million from P110.97 million.

PAGCOR's total revenue, including income from other services, falls 23.41% to P64.41 billion from P84.09 billion in the same period last year. Revenue from other related services drops 38.59% to P3.04 billion, while other income is nearly unchanged at P3.23 billion from P3.20 billion.

Profit hit and government remittances rise

PAGCOR says net income plunges 84.85% to P2.17 billion from P14.32 billion a year earlier. The agency says the sharp decline also follows a Supreme Court ruling requiring it to remit 5% of gross revenue to the Philippine Sports Commission, nearly doubling its previous remittance level to the sports agency.

Despite lower revenue, PAGCOR reports P45.28 billion in contributions to government programs and other statutory obligations during the nine-month period. Of that total, P27.61 billion goes to the National Treasury as the government's 50% share, while P3.01 billion is remitted to the Philippine Sports Commission.

The agency also pays P2.90 billion in franchise taxes and allocates P11.19 billion for socio-civic projects. Other contributions include P511.95 million for Casino Filipino host cities, P28.22 million in sports incentives for national athletes and coaches, and P15.85 million in corporate income tax.

Mr. Tengco says PAGCOR remains committed to responsible and sustainable operations while enforcing regulatory standards across the gaming industry.

In our earlier article, we looked at the Philippines’ planned sovereign bond reforms—shifting pricing conventions for peso government securities and preparing for index inclusion—to attract a broader investor base and improve liquidity. We noted that while these steps can support lower borrowing costs, the wider economic payoff still hinges on fiscal credibility, global rates, and whether any savings translate into productive public spending and deeper capital markets for businesses.

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