Tag Archives: PhilWeb
- PhilWeb targets 15 PAGCOR eGames parlors
March 9, 2017
Philippine-based gaming technology provider PhilWeb Corp. is set to acquire 15 eGames parlors, which form part of the Philippine Amusement and Gaming Corporation (PAGCOR) network. In a filing to the Philippine Stock Exchange, PhilWeb said that its board has given the go-signal to buy the stations despite its talks with...
- Philippine regulator approves PhilWeb founder’s share sale
January 7, 2017
Philippine securities regulators have approved the sale of gaming technology provider PhilWeb but it remains to be seen whether the business has a future in the country. On Friday, PhilWeb informed the Philippine Stock Exchange that the Philippine Securities and Exchange Commission (SEC) had given its initial approval of businessman...
- PhilWeb sells German asset to raise funds
January 3, 2017
Philippine-based gaming technology provider PhilWeb Corp. has sold its digital entertainment business in Germany in order to raise funds as the company awaits a license to once again operate in the Southeast Asian nation. In a disclosure to the Philippine Stock Exchange on Tuesday, PhilWeb announced that it has sold...
- Philippine online gaming industry still unsure where it stands
December 27, 2016
Online gambling technology provider PhilWeb’s hopes of acquiring a new gaming license in the Philippines have hit a major snag. On Tuesday, PhilWeb filed papers with the Philippine stock exchange revealing that the Philippine Amusement and Gaming Corporation (PAGCOR) had informed PhilWeb that the company will have to compete for...
- Philippine President hit reset button for PhilWeb
November 22, 2016
Philippine-based gaming technology provider PhilWeb Corp.’s eGame cafés will soon become operational again before the year ends as the Philippine president tries to rectify his mistake for singling out the gambling firm in the government's “war against online gambling.” Reliable sources in the Philippine gambling industry told CalvinAyre.com that state...
- PhilWeb’s Q3 net income down 62.8%
November 21, 2016
Philippine President Rodrigo Duterte’s war on eGame cafés has proved costly for Philippine-based gaming technology provider PhilWeb Corp., latest data showed. In a regulatory filing, PhilWeb reported a 62.8 percent drop in its net income to P229 million (US$4.59 million) in the third quarter of 2016 as a result of...