PAGCOR reported revenue of Php79.43bn for the first nine months of 2024, up 42% year on year. The regulator said online gaming accounted for 25% of revenue and that it remained on track to meet its Php100bn full-year target despite the presidential ban on offshore gaming operations.
The revenue mix and proposed fee changes affect operators’ costs and the regulated market’s competitive position.
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PAGCOR has expanded its gambling exclusion programme to about 40,000 people in six months, up from roughly 1,700 before Alejandro Tengco became chairman and CEO. Tengco gave the figures at the launch of Kaban Hotel and Casino in Boracay on 11 October. Approved applicants face a ban of at least one year.
PAGCOR has expanded its gambling exclusion programme to about 40,000 people over six months, up from roughly 1,700 before Alejandro Tengco became chairman and CEO, the regulator's chief said. Tengco gave the figures at the launch of Kaban Hotel and Casino in Boracay on 11 October, according to a report of his remarks.
PAGCOR chair and chief executive Alejandro Tengco expects the Governance Commission for Government-Owned or Controlled Corporations to recommend separating the regulator’s oversight and operating roles to the Office of the President. He said Casino Filipino’s losses could rise from about Php6 billion (US$95 million) to Php7 billion (US$111 million) by year-end 2026, citing operating costs and integrated-resort competition.
Mynt’s payment solutions revenue fell 3.7% year on year to PHP24.9 billion in the first half of 2026, according to AP Securities. The brokerage attributed the pressure to the Bangko Sentral ng Pilipinas’ requirement to remove e-wallet links to gambling sites; PAGCOR’s chairman said online gaming transactions fell about 50% after the delinking took effect in August 2025.
PAGCOR chairman and chief executive Alejandro Tengco said the Governance Commission for Government-Owned and Controlled Corporations was expected to endorse PAGCOR’s proposed separation from Casino Filipino before the proposal goes to President Ferdinand Marcos Jr for consideration. Tengco also said PAGCOR planned to launch an app in the fourth quarter to help players identify legitimate online gaming platforms.
PAGCOR will require four integrated resorts in Manila's Entertainment City to begin converting gaming tables to smart-table technology from 1 January 2027. Chairman and CEO Alejandro Tengco said the initial requirement covers City of Dreams Manila, Okada Manila, Newport World Resorts and Solaire Resort Entertainment City, with baccarat tables first; the deadline is to start conversion, not complete it.