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2 clusters · 3 sources · 14 days · First seen 21 days ago · Last updated 8 days ago

PAGCOR revenue decline in the Philippines

Overview

The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 26.6% year-on-year revenue decline for the first half of 2026, totaling PHP 43.32 billion. This drop was driven largely by a 42% plunge in electronic gaming (eGames) revenue and a 27.1% decrease in overall gaming revenue.

Net profit saw a significant reduction of 85%, falling to PHP 1.58 billion. PAGCOR attributed these financial losses to several factors, including Middle East geopolitical tensions affecting consumer spending, rising international fuel prices, and more stringent regulations regarding online gaming and e-wallet controls. Despite the downturn, the corporation contributed PHP 30.16 billion to the national treasury through taxes and mandatory remittances.

Entities

Philippine Stock Exchange · Alejandro H. Tengco · Brian Ng · PhilWeb Corporation · PLDT

Timeline

8 days ago

[BUSINESS] 3 sources
PLDT and PhilWeb report mixed financial results for 2026
PLDT reported resilient first-half revenues despite foreign-exchange losses, while PhilWeb Corporation returned to profit driven by a 96% surge in digital gaming revenue.
21 days ago

[BUSINESS] 3 sources
PAGCOR reports 26% revenue drop in H1 2026 amid geopolitical tensions and e‑gaming slump
PAGCOR’s H1 2026 revenue fell 26.6% to PHP 43.3 bn, driven by a 42% e‑gaming drop, Middle‑East tensions and tighter regulations; profit plunged 85%.

Sources

alienwp.com · backendnews.net · mommygearest.com