GGR in Philippines fell 11.4% in Q3 2026, Pagcor says

The Philippine gaming sector generated gross gaming revenue (GGR) of PHP83.72 billion (US$1.33 billion) in the third quarter of 2026, a year‑on‑year decline of 11.4% and a sequential drop of 5.0%, Pagcor (Philippine Amusement and Gaming Corp) said in a statement on Friday. The regulator attributed the contraction largely to weakness in electronic gaming and softer consumer spending.

Breakdown by segment

The annual fall was driven mainly by a drop in the electronic gaming segment, which reported GGR of PHP35.28 billion, a reduction of 22.9% versus the same period in 2025. That segment — which includes e-bingo, e-games and bingo concessionaires — accounted for roughly 42.1% of aggregate GGR in the three months to 30 September and lost PHP10.45 billion year on year, the largest contribution to the industry’s overall contraction.

Licensed commercial casinos in the country contributed PHP45.38 billion to quarterly GGR, a year‑on‑year decrease of 0.4% and about 54.2% of the total. Pagcor’s own operations under the Casino Filipino network reported PHP3.03 billion in GGR in the same period, a decline of 4.8% year on year, and represented close to 3.6% of the industry’s total revenue.

Management comments and context

Pagcor quoted its chairman and chief executive officer, Alejandro Tengco, attributing the weakness to inflationary pressures and geopolitical uncertainty that are affecting consumer spending.

"These conditions have hit discretionary spending, including gaming, and contributed to weaker performance in certain segments," Alejandro Tengco said.

Tengco also noted that the year‑on‑year contraction rate eased from the second quarter, when GGR fell 20.3%, and said Pagcor will work with its licensees to bolster industry performance while maintaining responsible regulation.

In June, Tengco had forecast that the country’s GGR could fall by up to 19% in 2026, citing tensions in the Middle East and their impact on consumption.