Manila, Nov. 11 -- Gross gaming revenues (GGR) of the Philippine gaming industry declined in the third quarter of the year amid a slowdown in the electronic gaming industry.

In a statement Friday, the Philippine Amusement and Gaming Corporation (PAGCOR) said the GGR declined by 11.41 percent to PHP83.72 billion from PHP94.51 billion in the same period last year.

PAGCOR Chairperson and CEO Alejandro Tengco said weaker electronic gaming revenues continued to weigh on overall industry performance in the third quarter.

GGR from electronic gaming, which includes e-bingo, e-games, and bingo grantees, fell 22 percent to PHP35.28 billion.

Tengco said inflationary pressures and geopolitical uncertainties continued to affect consumer spending,...