Philippines Q2 GGR Falls 20.3%

Philippine gaming revenue fell 20.3% year over year to PHP88.14 billion ($1.45 billion) in Q2 2026 as weaker electronic gaming outweighed growth from commercial casinos. Revenue still edged 0.6% higher from the first quarter.

Good to Know

• Philippine Q2 gaming GGR reached PHP88.14 billion.
• E-gaming revenue dropped 37.2% to PHP39.85 billion.
• Commercial casinos generated PHP45.37 billion and became the largest contributor.

E Gaming Decline Weighs on Philippine GGR

Electronic gaming accounted for about 45% of total Philippine GGR during the quarter, but revenue from e-bingo, e-games, bingo and poker fell sharply from a year earlier.

PAGCOR Chairman and CEO Alejandro Tengco linked the weaker result to broader pressure on consumer spending.

“The decline was driven by several factors, including the impact of inflation and the geopolitical crisis in the Middle East, which weighed on consumer spending, particularly on discretionary activities.”

Commercial casinos provided the main counterweight. Revenue increased 2.9% to PHP45.37 billion, equal to roughly 52% of total Q2 GGR. Casino Filipino venues generated another PHP2.91 billion, down 5.4%.

The latest result extends a softer start to 2026. Philippine gaming GGR had already fallen 15.9% year over year to PHP87.6 billion in Q1, also mainly because of lower e-gaming revenue.

PAGCOR also reported a 26.6% decline in its own first-half revenue in July, again citing weaker electronic gaming performance. Tengco previously said full-year Philippine GGR could fall by as much as 19% in 2026 if current economic pressures continue.

“Pagcor remains committed to implementing measures that will help increase GGR and further strengthen the industry’s performance,” Tengco said.

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