The Philippine Amusement and Gaming Corp. (PAGCOR) saw its net income plunge 85 percent to P2.17 billion in January to September 2026, as a steep decline in electronic gaming revenues and higher statutory remittances squeezed its earnings.
Revenues fell 23 percent to P64.41 billion from P84.09 billion a year earlier, with electronic gaming, the agency’s largest gaming revenue source, bearing the brunt of the downturn.
“Revenues from Electronic Gaming declined considerably by 37 percent from P44.03 billion in 2025 to P27.63 billion this year,” PAGCOR Chairman and Chief Executive Officer Alejandro Tengco said.
The agency also cited a Supreme Court ruling requiring it to remit 5 percent of gross revenues to the Philippine Sports Commission (PSC), nearly doubling its previous remittance levels and adding pressure to its bottom line.
Revenues from licensed casinos slipped 3.2 percent to P23.10 billion, while Casino Filipino branches recorded an 8 percent decline to P7.28 billion. Poker revenues fell 4.6 percent to P105.86 million.
Overall gaming revenues dropped 23.44 percent to P58.13 billion from P75.93 billion. Earnings from related services fell 39 percent to P3.04 billion, while other income edged up to P3.23 billion from P3.20 billion.
Despite weaker earnings, PAGCOR reported P45.28 billion in government contributions and other statutory obligations for the nine-month period. These included P27.61 billion remitted to the National Treasury as the government’s 50 percent share, P11.19 billion for socio-civic projects, P3.01 billion for the PSC and P2.90 billion in franchise taxes.
Casino host cities received P511.95 million, while incentives for national athletes and coaches totaled P28.22 million. Corporate income tax payments reached P15.85 million.
Tengco said PAGCOR would strengthen operations and regulatory oversight, pledging to maintain responsible and sustainable operations while ensuring compliance with industry standards.
