TLDR Philippines gross gaming revenue fell 15.9% year-on-year to PHP87.60 billion (US$1.42 billion) in Q1 2026 Electronic gaming revenue dropped 22.4% to PHP39.90 billion, driving the overall decline Licensed casinos remained the top revenue source at PHP44.52 billion, down 9.7% from last year PAGCOR chairman cited softer consumer spending, Middle East tensions, and inflation as key factors The full year 2025 saw PHP396.14 billion in GGR, up 6.4%, suggesting Q1 2026 marks a reversal from recent growth
The Philippine gaming industry reported a 15.9% drop in gross gaming revenue during the first quarter of 2026, according to data from the Philippine Amusement and Gaming Corporation. Total GGR came in at PHP87.60 billion, or about US$1.42 billion.
The decline was largely driven by weakness in the electronic gaming segment. PAGCOR said electronic gaming revenue fell 22.4% year-on-year to PHP39.90 billion in the January to March period.
Electronic Gaming Takes the Biggest Hit
The electronic segment covers e-bingo, e-games, bingo grantees, and onsite and off-site poker. It accounted for roughly 45.6% of total GGR during the quarter.
Despite still making up a large share of overall revenue, the steep drop in this segment pulled down the entire industry’s performance. The electronic category had been a growth driver in 2025 but reversed course to start the new year.
PAGCOR chairman and chief executive Alejandro Tengco pointed to several factors behind the downturn. He cited softer discretionary spending among consumers, geopolitical tensions in the Middle East, and rising inflationary pressures.
These economic headwinds weighed on player activity across multiple segments. The impact was felt most heavily in the electronic gaming space.
Licensed commercial casinos remained the largest source of first-quarter gaming revenue. They contributed PHP44.52 billion, which was 9.7% lower than the same period last year.
That figure represented about 50.8%