{"id":777049169,"date":"2026-10-29T10:57:10","date_gmt":"2026-10-29T13:57:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777049169"},"modified":"2026-10-29T12:08:22","modified_gmt":"2026-10-29T15:08:22","slug":"pagcor-net-income-drops-84-85-in-nine-months","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-net-income-drops-84-85-in-nine-months","title":{"rendered":"PAGCOR net income drops 84.85% in nine months"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Lower earnings from electronic gaming weighed on the Philippine regulator\u2019s financial results, while contributions to the National Treasury reached US$433m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key takeaways<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PAGCOR\u2019s revenue fell 23.41 per cent year on year to PHP64.41bn (US$1.01bn) in the first nine months of 2026<\/li>\n\n\n\n<li>Net income dropped 84.85 per cent to PHP2.17bn (US$34m), partly due to higher remittance obligations to the Philippine Sports Commission.<\/li>\n\n\n\n<li>PAGCOR reported PHP45.28bn (US$709m) in contributions to government programmes and other statutory obligations.<\/li>\n\n\n\n<li>The National Treasury received PHP27.61bn (US$432m), representing the government\u2019s 50 per cent share of PAGCOR revenue.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The Philippines.- The <strong>Philippine Amusement and Gaming Corporation (PAGCOR)<\/strong> recorded a 23.41 per cent year-on-year decline in revenue to PHP64.41bn (US$1.01bn) in the first nine months of 2026. According to PAGCOR\u2019s announcement on October 29, electronic gaming revenue saw the largest decline, falling 37.23 per cent to PHP27.63bn (US$433.5m) from PHP44.03bn (US$691.2m) a year earlier. The segment, which covers e-games, e-bingo and bingo grantees, remained its largest gaming revenue source.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Revenue from licensed casinos, the second-largest contributor to gaming revenue, decreased 3.22 per cent to PHP23.10bn (US$362.3m) from PHP23.87bn (US$374.4m). PAGCOR\u2019s Casino Filipino branches generated PHP7.28bn (US$114.2m), down 8 per cent, while poker revenue declined 4.60 per cent to PHP105.86m (US$1.66m) from PHP110.97m (US$1.74m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overall revenue from gaming operations declined 23.44 per cent to PHP58.13bn (US$911.7m) from PHP75.93bn (US$1.19bn). Earnings from other related services fell 38.59 per cent to PHP3.04bn (US$47.7m), while other income remained relatively stable at PHP3.23bn (US$50.7m), compared with PHP3.20bn (US$50.2m) a year earlier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PAGCOR\u2019s net income dropped 84.85 per cent to PHP2.17bn (US$34.1m) from PHP14.32bn (US$224.7m) in the same period of 2025. The regulator partly attributed the decline to a Supreme Court ruling requiring it to remit 5 per cent of its gross revenue to the <strong>Philippine Sports Commission (PSC<\/strong>), which received PHP3.01bn (US$47.2m) from PAGCOR in the first nine months of 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PAGCOR reported PHP45.28bn (US$710.1m) in contributions to government programmes and other statutory obligations during the first nine months of 2026. This included PHP27.61bn (US$433.0m) for the National Treasury, representing the government\u2019s 50 per cent share, and PHP2.90bn (US$45.5m) in franchise taxes. A further PHP11.19bn (US$175.5m) went towards socio-civic projects, while cities hosting <strong>Casino Filipino<\/strong> branches received PHP511.95m (US$8.03m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The regulator also reported PHP28.22m (US$442,600) in sports incentives for national athletes and their coaches who won international competitions, alongside PHP15.85m (US$248,700) in corporate income tax.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2021\/08\/Genting-Singapore-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href=\"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-reports-34-drop-in-h1-profit-as-gaming-revenue-declines\">Genting Singapore reports 34% drop in H1 profit as gaming revenue declines<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Lower earnings from electronic gaming weighed on the Philippine regulator\u2019s financial results, while contributions to the National Treasury reached US$433m.<\/p>\n","protected":false},"author":2395,"featured_media":777042170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Amusement and Gaming Corporation (PAGCOR) reported a substantial 23.41% year-on-year decline in revenue to PHP64.41bn (US$1.01bn) and an 84.85% drop in net income for the first nine months of 2026. This downturn was primarily driven by reduced electronic gaming revenue and increased statutory remittances to the Philippine Sports Commission following a Supreme Court ruling. Despite the financial contraction, PAGCOR contributed US$433m to the National Treasury.","focusai_entities":"Philippine Amusement and Gaming Corporation, PAGCOR, Philippine Sports Commission, National Treasury, Genting Singapore","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"E-gaming Revenue Outlook","query":"What specific regulatory or market factors contributed to the significant 37.23% decline in electronic gaming revenue, and what is PAGCOR's strategic response to reverse this trend in future reporting periods?"},{"label":"Regulatory Impact Analysis","query":"How will the Supreme Court ruling mandating increased remittances to the Philippine Sports Commission impact PAGCOR's operational budget, future investment capacity, and overall profitability margins moving forward?"}],"footnotes":""},"categories":[163,24628,158,16333],"tags":[23908,1897,405],"class_list":["post-777049169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-highlight-of-the-week","category-slider-home","category-south-east-asia-news","tag-gaming-regulation","tag-igaming","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777049169"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049169\/revisions"}],"predecessor-version":[{"id":777049180,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049169\/revisions\/777049180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777042170"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777049169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777049169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777049169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}