TLDR Philippine gross gambling revenue fell 20% to P88 billion ($1.4 billion) in the second quarter of 2026. The decline was driven by weak electronic gambling revenue, inflation, and geopolitical pressures. PAGCOR is considering separating its regulatory and commercial functions to reduce conflicts of interest. The regulator launched the PAGCOR Guarantee website to help the public verify licensed online gambling sites. More than 26,000 people have now joined PAGCOR’s self-exclusion program for problem gambling.
The Philippine gambling industry reported a drop in revenue during the second quarter of 2026. Gross gambling revenue fell 20% to P88 billion, or about $1.4 billion.
Industry officials shared the figures at the Inside Asian Gaming Academy Summit. They pointed to weak electronic gambling revenue as the main cause.
Inflation and geopolitical pressures also played a role in the decline. These factors have made conditions harder for operators across the sector.
Despite the drop, officials said the Philippines still holds several advantages. These include an established gambling system and a network of resorts.
The country also has a trained workforce and a young population. Its location in Asia gives it access to a large regional market.
Land-based casinos continue to play a big role in the industry. This is true even as digital gambling platforms grow in popularity.
Regulator Faces Pressure to Adapt
Alejandro Tengco, Chairman of the Philippine Amusement and Gaming Corp, spoke at the summit. He said technology has created new opportunities for the gambling industry.
He also said the same technology has brought new challenges. Digital platforms can reach more players, but they also raise oversight concerns.
Tengco said PAGCOR’s rules need to keep up with these changes. The agency wants to support industry growth while protecting players.
Illegal operators are a growing concern for regulators. These platforms can