The Philippines’ iGaming industry reported a modest performance in the third quarter of 2025 as regulatory changes took effect. According to data released by the Philippine News Agency, the country’s gross gaming revenue totaled PHP94.51 billion, down slightly from PHP94.61 billion a year earlier. The e-games sector grew 17%, reaching PHP41.95 billion, but most of that increase occurred before e-wallet delinking measures were enforced in August.
The Central Bank’s directive requiring platforms like GCash and Maya to remove direct links to gambling sites significantly affected online transactions. While PAGCOR chairman Alejandro Tengco acknowledged a short-term decline, he emphasized that such measures are crucial to ensuring secure, transparent, and responsible gaming operations.
Land-based casino revenue dropped 10.2% to PHP45.56 billion, while PAGCOR-branded venues recorded an 11.6% fall. Bingo revenue also saw a 16.2% decrease. Despite these declines, e-games contributed 44.4% of total gaming revenue, nearly matching the contribution of licensed casinos.
Earlier in 2025, PAGCOR reported a 26% increase in first-half revenue, driven by digital gaming expansion. However, that surge sparked public concern over gambling addiction, prompting legislators to propose stricter laws, including a potential ban on online gambling.
The third quarter results illustrate a market in transition. As regulatory oversight increases and payment restrictions take hold, the Philippines iGaming industry must balance revenue ambitions with social responsibility and compliance standards.
