PH gaming revenues down 16% in Q1 amid oil price shock

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