PAGCOR revenue falls 23.4% to PHP64.4 billion in first nine months of 2026; net income down 85%

Revenue by segment

Revenue from gaming operations, PAGCOR's main source of income, fell 23.44% to PHP58.13 billion from PHP75.93 billion. "Revenues from Electronic Gaming declined considerably by 37.23% from Php44.03 billion in 2025 to Php27.63 billion this year," chairman and CEO Alejandro Tengco said in the statement.

Electronic gaming remained the largest segment, followed by licensed casinos at PHP23.10 billion, down from PHP23.87 billion. Casino Filipino branches, which PAGCOR operates itself, earned PHP7.28 billion, down from PHP7.91 billion, and poker revenue fell 4.60% to PHP105.86 million. Earnings from related services dropped 38.59% to PHP3.04 billion, while other income was almost flat at PHP3.23 billion.

PAGCOR reported first-half revenue of PHP43.32 billion in July, down 26.64%, and set a full-year 2026 target of PHP86.94 billion. Based on those figures, third-quarter revenue was about PHP21.09 billion, down roughly 16% from about PHP25.04 billion a year earlier.

Net income and remittances

PAGCOR's net income fell to PHP2.17 billion from PHP14.32 billion. The regulator said the drop followed a Supreme Court ruling requiring it to remit 5% of its gross revenue to the Philippine Sports Commission (PSC), "nearly double the previous remittance levels to the sports agency." The PSC received PHP3.01 billion in the nine months.

Of the PHP45.28 billion PAGCOR remitted, PHP27.61 billion went to the National Treasury as the government's 50% share and PHP2.90 billion was paid in franchise taxes. Other payments included PHP11.19 billion for socio-civic projects, PHP511.95 million for Casino Filipino host cities and PHP28.22 million in sports incentives.

"We will continue to pursue responsible and sustainable operations while ensuring that the gaming industry adheres to regulatory standards," Tengco said.

PAGCOR is both the licensing authority for Philippine casinos and online gaming and an operator in its own right. See our guide to PAGCOR licences and the licensed operator list and PAGCOR's planned licence-check app.

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