PAGCOR revenues down 26.64% in H1 2026

The Philippine Amusement and Gaming Corporation (PAGCOR) saw its revenues decline by 26.64% in the first half of 2026 due to lower earnings from its gaming operations.

In a news release, PAGCOR said its revenues reached P43.32 billion from January to June, down from P59.05 billion in the same period in 2025.

This, as revenues from gaming operations, which remained the state-run firm’s primary revenue source, declined 27.11% to P38.92 billion from P53.40 billion a year earlier.

Revenues from eGames, eBingo and bingo grantees also fell 41.85% to P18.60 billion from P32 billion year-on-year, while revenues from licensed casinos and PAGCOR-operated casinos also declined 3.85% and 8.67%, respectively.

"Our first-half revenue results reflect the continuing impact of geopolitical tensions in the Middle East which dampened consumer spending during the first quarter and affected overall industry performance," said PAGCOR chairman and CEO Alejandro Tengco.

"While market conditions improved in the second quarter, uncertainties remain, particularly with the recent uptick in global fuel prices. Nevertheless, we remain focused on strengthening industry performance through sound regulation and close collaboration with our stakeholders to ensure that the gaming sector continues to generate meaningful revenues for nation-building," added Tengco.

PAGCOR said its net operating income during the first semester declined 35.05% to P31.75 billion, while net income fell 85.29% to P1.58 billion.

“The steep decline in net income was due to PAGCOR’s higher mandated remittances to the Philippine Sports Commission (PSC) following the Supreme Court's ruling requiring the state gaming agency to remit five percent of its gross income to the PSC, instead of the previously adopted computation,” said Tengco.

During the first half of the year alone, PAGCOR remitted P2.01 billion to the PSC, up 58.68% from P1.26billion in the same period last year.

Despite the decline in revenues, PAGCOR said it contributed P30.16 billion to state coffers for nation-building during the first six months of 2026.

Apart from the PSC, PAGCOR’s other mandated remittances included the national government's 50% share at P18.49 billion; the 5% franchise tax at P1.94billion; funding for socio-civic projects at P7.36 billion; host cities share at P340.05 million; corporate income tax at P9.87 million; and sports incentives and benefits for winning athletes, coaches and trainers under Republic Act No. 10699 at P4.47 million. —VAL, GMA News