Philippine Gaming Revenue Falls 15.9% In Q1 2026

The Philippine gaming sector reported lower first-quarter revenue in 2026, with weaker e gaming results weighing on overall performance, according to the Philippine Amusement and Gaming Corp.

Good to Know

• Philippine gaming GGR reached PHP87.60 billion, or $1.42 billion, in Q1 2026.
• The total fell 15.9% from the same period last year.
• E gaming revenue dropped 22.4% to PHP39.90 billion.

Commercial casinos still brought in the largest share of first-quarter gross gaming revenue. Licensed private-sector casinos generated PHP44.52 billion, down 9.7% year over year, and accounted for about 50.8% of total GGR.

E gaming ranked close behind, but its sharper decline pulled the market lower. Pagcor said the segment produced PHP39.90 billion in the January to March period, equal to around 45.6% of total GGR. The category includes e-bingo, e-games, bingo grantees, and onsite and off-site poker under Pagcor classification.

E Gaming Weakness Hits Q1 Total

Pagcor-operated Casino Filipino venues added PHP3.17 billion in GGR during the three months to March 31. That figure fell 8.1% from a year earlier and represented 3.6% of total market revenue.

Pagcor chairman and CEO Alejandro Tengco linked the first-quarter drop to wider economic pressure, repeating a view he had shared in April. He said:

“We attribute the first-quarter dip to several factors, including softer discretionary spending amid geopolitical tensions in the Middle East, and rising inflationary pressures.”

Tengco still pointed to long-term investment across the market, including integrated resorts, digital innovation, and responsible gaming programs. He also said a more stable economic backdrop could help demand recover:

“We remain hopeful that once the geopolitical tensions stabilise, consumer confidence and discretionary spending will also gradually recover, which should help support improved industry performance.”

The Q1 decline follows a stronger full-year 2025 for Philippine gaming. GGR reached PHP396.14 billion last year, up 6.4% from 2024. Growth in electronic and online gaming offset lower land-based casino earnings, with the electronic and online segment generating PHP201.12 billion and becoming the top revenue contributor.

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