Philippine Amusement and Gaming Corporation (PAGCOR) posted a 23.4% year-on-year decline in revenue to Php64.41 billion (approximately $1.01 billion) for the first nine months of 2026. The drop was mainly driven by weaker electronic gaming performance.
Electronic gaming revenues dropped by 37.2% to Php27.63 billion and revenue from licensed casinos declined by 3.2% to Php23.10 billion as well. PAGCOR’s Casino Filipino branches recorded an 8% decrease in revenues amounting to Php7.28 billion. The poker segment also witnessed a 4.6% decline in revenues to Php105.86 million.
In general, PAGCOR’s gaming revenues dropped by 23.4% to Php58.13 billion. Revenues from allied services decreased by 38.6% to Php3.04 billion, while the revenues from the other items remained more or less unchanged at Php3.23 billion.
Net income falls to Php2.17 billion
PAGCOR experienced a rise of 3% in expenses to Php19.86 billion during the period of nine months. Consequently, the pre-tax profits decreased considerably by 31% to Php44.55 billion.
The net profit made by PAGCOR plunged by 85% to Php2.17 billion, approximately $34 million, due to the decision of the Supreme Court that stated in October 2025 that PAGCOR should remit 5% of its gross revenue to the Philippine Sports Commission.
PAGCOR Chairman and CEO Alejandro Tengco said:
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.
PAGCOR has contributed Php45.28 billion for nation-building and other mandatory contributions during the first nine months of 2026. The amount includes about Php27.61 billion contributed to the National Treasury.
