Growth in the online and electronic gaming segment offset declines in revenues from traditional brick-and-mortar casinos, with the segment emerging as the industry’s largest contributor.

The electronic and online gaming segment — including E-Bingo, E-Games, Bingo Grantees, and onsite and offsite poker — generated PHP201.12 billion ($3.35 billion) in revenues, up 30.04 percent from PHP154.66 billion ($2.58 billion) in the previous year.

“The E-Games and online gaming segment accounted for 50.77 percent of total industry GGR,” said PAGCOR Chairman and CEO Alejandro H. Tengco. “It has overtaken licensed casinos as the largest GGR contributor.”

In contrast, revenues from licensed casinos declined by 9.58 percent to PHP182.50 billion ($3.04 billion) from PHP201.84 billion ($3.37 billion) in 2024. PAGCOR-operated casinos also reported a drop in revenues, totaling PHP12.52 billion ($209 million), reflecting a 20.95 percent year-on-year decrease.

Tengco said the 2025 GGR results highlight the increasing importance of online gaming to the industry’s overall performance.

“The increase in electronic gaming revenues shows how the industry has evolved,” he said. “Online gaming is no longer a supplementary segment but has now become the leading driver of overall GGR growth.”

He added that the growth in electronic gaming revenues came despite a temporary slowdown in the third quarter of 2025 following the de-linking of e-wallets, which disrupted player access and payment channels.

According to Tengco, adjustments to digital payment systems were implemented to improve transaction traceability, enhance player protection, and strengthen confidence in regulated online gaming.

“The 2025 GGR performance underscores the importance of regulatory balance as the industry evolves,” he said.

“Our objective is not simply to grow revenues, but to ensure that growth is sustainable, transparent, and compliant because of a stronger regulatory environment that supports the long-term stability of the gaming industry.”