Philippine Gaming GGR Falls 11.4% to PHP83.72 Billion in Q3 on E-Gaming Weakness

The Philippine Amusement and Gaming Corporation released the July to September figures on Friday, BusinessMirror reported. Industry GGR stood at PHP94.51 billion in the same quarter of 2025, which puts the year on year gap at roughly PHP10.79 billion.

E-Gaming Takes the Hit

Electronic gaming generated PHP35.28 billion, a 22.86% decline from PHP45.73 billion. That drop of about PHP10.45 billion represented 97% of the total quarterly contraction. The segment accounted for roughly 42.1% of national GGR.

Licensed commercial casinos brought in PHP45.38 billion, only 0.40% below PHP45.56 billion booked in Q3 2025. These land-based licensees held a 54.20% share of industry revenue.

The state-run Casino Filipino network posted PHP3.03 billion, down 4.81% from PHP3.18 billion, and contributed about 3.6% of the total. PAGCOR has been weighing a sale of the Casino Filipino branches as losses at the chain mount.

Tengco Sees an Easing Decline

PAGCOR Chairman and CEO Alejandro H. Tengco linked the weaker result to inflation and geopolitical uncertainty weighing on consumer confidence. “These conditions have affected spending on discretionary activities, including gaming, and contributed to the weaker performance of certain segments,” Tengco said.

The regulator pointed out that the rate of decline has narrowed after industry GGR fell 20.33% in the second quarter. “We recognize the challenges facing the industry, but the slower pace of decline in the third quarter is an encouraging development,” Tengco said.

Back in June, Tengco had warned that full year GGR could drop by as much as 19% in 2026. PAGCOR now expects industry revenue of at least PHP350 billion for the year, a target it described as “conservative” given the state of the economy.

The quarterly GGR data follow PAGCOR’s own nine month accounts, which showed the regulator’s revenue falling 23.4% as income from e-gaming dropped 37%. Both sets of numbers point to the online segment as the main source of pressure on the Philippine market this year, while the casino resorts have proved far more resilient.