The Philippine gaming regulator PAGCOR reported revenue of $1.01 billion for January–September 2026. That is 23.4% less than a year earlier. Net profit fell more steeply, by 84.9%, to $34 million.
The main drag came from eGames, the domestic online gaming segment. Its revenue dropped 37.2%, to $432 million, from $689 million in the same period of 2025. The segment remains the largest part of PAGCOR's gaming revenue.
Revenue from licensed casinos, the second-largest segment, came to $362 million, down 3.22% year on year. Casino Filipino branches brought in $114 million (down 8%), and poker $1.7 million (down 4.6%). Total gaming revenue fell 23.4%, to $910 million, from $1.19 billion.
A Supreme Court ruling in the Philippines also weighed on profit. Under it, PAGCOR must transfer 5% of gross revenue to the Philippine Sports Commission, almost double the previous level. The commission received $47 million.
The drop in eGames is linked to last year's Central Bank order that required payment services to remove direct links to online gaming sites from e-wallets. Tighter regulation of the segment also played a role.
Over nine months PAGCOR directed $709 million to state needs and mandatory payments. The Treasury received $432 million, a 50% state share. Franchise taxes totaled $45 million.
PAGCOR Chairman and CEO Alejandro Tengco said the regulator will keep strengthening its work and oversight. He said income from regulated gaming should continue to support government programs and services.
