PAGCOR’s total revenue fell 26.6% to Php43.3 billion, about US$705 million, in the first six months of 2026. The drop was driven mainly by weaker revenue from online gaming.
PAGCOR is both the regulator and an operator of gaming in the Philippines, and its income funds government programmes.
Online gaming had grown quickly in earlier years, so a slowdown there has a large effect on the total.
Later in the year, PAGCOR said it expects full-year income to be about 18% lower than in 2025.
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PAGCOR forecasts an 18% income drop for 2026. Chairman Tengco says online gaming activity rose about 10% in July and held in August.
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