Content Writer: Janice Chew • Tuesday, 25/11/2025 - 22:53:02 - PM
The Philippine Amusement and Gaming Corporation (PAGCOR) reports that the Philippines’ gaming industry generated gross gaming revenue (GGR) of PHP 94.51 billion (approx. US$1.60 billion) in the three months to 30 September 2025, essentially flat (-0.1 %) from the same period a year earlier.
Within that figure, land-based casinos (licensed commercial ones) posted a 10.2 % year-on-year GGR decline to PHP 45.56 billion, accounting for 48.2 % of industry revenue in Q3. Meanwhile, eGames (domestic online gaming) rose 17.4 % to PHP 41.95 billion but the growth was concentrated in July, with activity in August-September dipping after e-wallet delinking rules took effect.
The contrasting trends reflect structural headwinds in the brick-and-mortar casino segment — such as reduced visitation from major source markets and VIP gaming declines — alongside regulatory steps impacting the online segment. PAGCOR’s chair, Alejandro Tengco, noted that the e-wallet delinking was a deliberate safeguard measure, causing a short-term activity drop but necessary for secure, transparent transactions.
Looking ahead, the flat Q3 outcome suggests the industry is at a pivot point: the decline in land-based revenue is weighing on growth, while the online segment’s momentum is being tempered by regulatory adjustments. For recovery, operators will likely need to navigate regulatory frameworks, stimulate visitation to physical venues, and adapt their growth models in online gaming.