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Philippine casino GGR falls to Php182.5bn in 2025, analysis says

Regulation

An analysis of the Philippine land-based casino sector said licensed casino gross gaming revenue fell from Php207.5 billion in 2023 to Php182.5 billion in 2025. PAGCOR chairman and chief executive Alejandro H. Tengco warned in June that industry GGR could decline 19% in 2026, which he linked primarily to the Middle East crisis.

The reported revenue decline and PAGCOR’s forecast are relevant to casino operators assessing market conditions in the Philippines.

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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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