The Philippine Amusement and Gaming Corporation (PAGCOR) reported a significant 23.4% decline in its revenue, totaling Php64.41 billion (around $1.01 billion) for the first three quarters of 2026. This downturn was primarily attributed to a notable decrease in electronic gaming performance.
Electronic gaming revenue fell by 37.2%, reaching Php27.63 billion, while income from licensed casinos dropped by 3.2% to Php23.10 billion. PAGCOR’s Casino Filipino branches saw revenues decrease by 8%, equating to Php7.28 billion. In addition, the poker segment faced a 4.6% revenue decline, totaling Php105.86 million.
Overall, PAGCOR’s gaming revenue plummeted by 23.4% to Php58.13 billion. Revenues from allied services also took a hit, decreasing by 38.6% to Php3.04 billion, whereas revenues from other items remained stable at Php3.23 billion.
The corporation's net income sank by 85% to Php2.17 billion, approximately $34 million, largely due to a Supreme Court ruling in October 2025 that mandated PAGCOR to remit 5% of its gross revenue to the Philippine Sports Commission. Meanwhile, PAGCOR's expenses rose by 3% to Php19.86 billion during the nine-month period, resulting in a substantial 31% drop in pre-tax profits to Php44.55 billion.
PAGCOR Chairman and CEO Alejandro Tengco commented on the situation, stating, "While we recognize the impact of lower gaming revenues on our financial performance, PAGCOR remains committed to carrying out its mandate. We will continue to pursue responsible and sustainable operations while ensuring that the gaming industry adheres to regulatory standards."
Throughout the first nine months of 2026, PAGCOR made contributions totaling Php45.28 billion to nation-building and other mandatory commitments, which included approximately Php27.61 billion allocated to the National Treasury.
