The Philippine Amusement and Gaming Corporation (PAGCOR) reported total revenues of Php106.03 billion in 2025, down 5.09% from Php111.72 billion in 2024, the regulator said on January 30, 20261. The decline came as land-based earnings softened and offshore gaming was no longer in the revenue mix1.
PAGCOR said the year-on-year fall in total gaming revenues was influenced by the offshore gaming ban, as the segment contributed nearly Php3 billion in 2024 but was no longer part of its revenue base in 20251. Revenues from gaming operations amounted to Php95.15 billion, slightly lower than the Php97.53 billion recorded in 2024, while other revenue streams including interest earnings, income and service fees added Php10.88 billion1.
More than half of gaming revenues, or Php53.33 billion, came from electronic and online gaming activities including eGames, eBingo and bingo grantees, which rose 9.30%1. PAGCOR-operated casinos declined 18.12% to Php10.38 billion, and licensed casinos generated Php31.44 billion, down 4.93% year-on-year1.
| Segment | 2025 | Change |
|---|---|---|
| Total revenues | Php106.03 billion | down 5.09% |
| Gaming operations | Php95.15 billion | lower than Php97.53 billion in 2024 |
| eBingo, eGames, bingo grantees | Php53.33 billion | up 9.30% |
| PAGCOR-operated casinos | Php10.38 billion | down 18.12% |
| Licensed casinos | Php31.44 billion | down 4.93% |
| Net income | Php17.47 billion | up 4.18% |
PAGCOR Chairman and CEO Alejandro H. Tengco attributed the land-based decline to changing player behavior1:
"The decline in revenues from land-based casinos is largely driven by the gradual change in player behavior, with more customers opting for digital and online gaming platforms."
Despite lower total revenues, PAGCOR reported net income of Php17.47 billion, up 4.18% from Php16.77 billion in 20241. Total contributions to nation-building reached Php66.95 billion, slightly lower than Php68.21 billion the previous year, including the 50% government share of Php45.19 billion, Php4.76 billion in franchise taxes and Php907 million in corporate income taxes1.
What it means for players
The offshore gaming segment that once contributed nearly Php3 billion is gone from PAGCOR's books, and the regulator's own figures show the money has shifted toward electronic and online products rather than physical casinos1. For players in the Philippines, that means the licensed market PAGCOR supervises is now weighted toward eGames, eBingo and bingo grantees, which grew 9.30% in 2025, while PAGCOR-operated and licensed casino floors both shrank1. Tengco said PAGCOR has strengthened its regulatory framework for online gaming to address player protection and responsible gaming as digital play grows1. The status of any offshore operators formerly in the segment is not addressed in the figures.
What happens next
No further steps were announced in the report. PAGCOR's 2025 figures were published on January 30, 20261.
Players can check which companies hold PAGCOR Entertainment City licenses and how to verify a PAGCOR gaming license. Background on the Philippines' ban on offshore gaming and on crackdowns on offshore online gambling hubs in Asia sets out how the segment was removed.
