Philippines Casino Sector Faces 16% Drop in Q1 2026 Revenue
Monday 18 de May 2026 / 12:00
⏱ 1 min read
(Manila).- The Philippine gaming industry generated gross gaming revenues (GGR) of Php87.60 billion in the first quarter of 2026, down 15.87% from the Php104.12 billion recorded in the same period last year.
The decline was largely driven by the weaker performance of the electronic gaming sector – including E-Games, E-Bingo, bingo and poker – which posted a combined 22.43% year-on-year decline in GGR during the January-to-March period.
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco said the gaming industry’s first quarter performance reflected the impact of economic headwinds and evolving market conditions.
“We attribute the first quarter dip to several factors, including softer discretionary spending amid geopolitical tensions in the Middle East, and rising inflationary pressures,” Mr. Tengco said.
Licensed casinos emerged as the industry’s largest revenue contributor during the period, generating Php44.52 billion or 50.83% of total GGR.
The electronic gaming sector brought in Php39.90 billion in gross gaming revenues during the quarter, accounting for 45.55% to the GGR pie.
PAGCOR-operated casinos contributed Php3.17 billion, accounting for 3.62% of total GGR.
Mr. Tengco said he remains optimistic about the future of the local gaming industry as operators continue to invest in integrated resort developments, digital innovation, and responsible gaming initiatives.
“We remain hopeful that once the geopolitical tensions in the Philippines stabilize, consumer confidence and discretionary spending will also gradually recover, which should help support improved industry performance,” he said.
“PAGCOR’s P5.67 billion dividend remittance makes available much-needed fiscal resources that will enable the national government to mitigate the effects of the global oil crisis and pursue programs geared toward meaningful economic and social transformation,” he added.
Categoría:Reports
Tags: Sin tags
País: Philippines
Región: Asia
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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