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PAGCOR projects Philippine gaming revenue could fall 19% in 2026

Regulation

PAGCOR chairman and chief executive Alejandro H. Tengco said Philippine gaming revenue could decline by as much as 19% in 2026, to P320bn–P350bn. The sector generated P396.14bn in 2025; Tengco cited the removal of e-wallet links and the Middle East crisis among factors weighing on the outlook.

Operators and investors face a lower revenue outlook, while the cited factors include regulatory changes affecting online gambling payments.

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Regulation

PAGCOR says Philippine gaming rules must adapt as industry changes

PAGCOR Chairman and CEO Alejandro H. Tengco said the regulator should update its framework as the Philippine gaming industry changes, while maintaining predictable rules for licensed operators. Tengco cited a proposal to separate PAGCOR’s regulatory and operating functions, which remains under review by the Governance Commission for Government-Owned or Controlled Corporations. If that review is completed, the proposal will go to the Office of the President, which could issue an executive order if President Ferdinand Marcos Jr. finds merit in it.

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