GROSS GAMING REVENUE (GGR) is expected to contract this year, reversing the growth posted in 2025, with the crackdown on online gambling putting the industry under pressure, Standard and Poor’s (S&P) Global Ratings said in a report cited by BusinessWorld.
In a July 28 report, S&P said GGR is projected to contract 7% this year, after posting 6% growth in 2025. The contraction is attributed to intensified government actions against illegal online gambling operations, which have disrupted the sector's recovery.
The credit rating agency's outlook reflects the challenges facing the Philippine gaming industry as regulatory pressure mounts, potentially affecting tax revenues and investor sentiment in the sector.