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MANILA, Philippines — The Philippine gaming industry recorded a double-digit drop in revenues in the first quarter of 2026 as the oil shock weakened consumer spending and dampened discretionary expenses.
According to the Philippine Amusement and Gaming Corp. (Pagcor), the local gambling industry’s gross gaming revenues (GGR) declined 15.87 percent to P87.6 billion in the first three months of the year.
GGR is a key metric that reflects the total amount of bets placed minus payouts from winnings.
“We attribute the first quarter dip to several factors, including softer discretionary spending amid geopolitical tensions in the Middle East, and rising inflationary pressures,” Pagcor Chair and CEO Alejandro Tengco said in a statement on Saturday.
