Philippines gaming industry GGR stayed flat year-on-year at Php94.5 billion (US$1.60 billion) in the three months to 30 September 2025, with a 17.4% increase in revenue from the domestic online gaming or eGames segment largely offset by a 10.2% decline from licensed land-based casinos. eGames had, however, been on track for far more significant growth before an order from the Philippines’ central bank for e-wallets to delink from online gaming sites saw revenues quickly decline.
According to information from regulator PAGCOR, eGames GGR climbed to Php42.0 billion (US$712 million) in 3Q25, up from Php35.7 billion (US$605 million) a year earlier thanks entirely to impressive July numbers. Segment revenues in August and September subsequently declined following the mandatory delinking of e-wallets from legitimate gaming platforms.
“The figures reflect an industry that is adjusting to necessary safeguards,” said PAGCOR Chairman and CEO, Alejandro Tengco.
“The delinking of e-wallets resulted in a short-term decline in activity toward the latter part of the quarter. However, these measures are vital to protect players and ensure secure, transparent transactions.”
Land-based casinos suffered a 10.2% decline in GGR to Php45.6 billion (US$773 million), comprising 48.2% of industry-wide revenues compared with 44.4% from eGames.
PAGCOR-operated casinos recorded an 11.6% decline in GGR to Php3.22 billion (US$54.6 million), with industry share of 3.4%, while bingo revenues dropped 16.2% to Php3.79 billion (US$64.2 million) and 4.0% share.
Land-based casinos have been challenged in 2025 by a decline in VIP gaming – partially due to the ban on offshore gaming operators (POGOs) – and lower visitation from the Philippines’ core tourism source markets of South Korea and China.
RelatedPosts
