Philippines-based gaming operator PhilWeb appoints Gregorio Ma Araneta III new chairman, as outgoing chair Roberto Ongpin preps share sale.
Beleaguered businessman Roberto Ongpin can revise his proposals to save PhilWeb all he wants.
After being spurned by PAGCOR, Ongpin is making one last attempt to save PhilWeb. His new offer: Use the shares to build drug rehab centers.
State-run PAGCOR is passing up businessman Roberto Ongpin’s surprise offer to donate 49 percent of his PhilWeb stake to the government.
In a last-ditch attempt to save PhilWeb from the wrath of Pres. Duterte, Ongpin decided to donate the bulk of his stake to the government.
Philweb Corp.’s plea for their license to be renewed has fallen on the state-run PAGCOR deaf ears.
PhilWeb owner to auction off shares to distance himself from the company and hopefully convince PAGCOR to issue new license.
Roberto Ongpin may now heave a sigh of relief after a Philippine court stops SEC from implementing his expulsion from the board.
Roberto Ongpin is finding himself scratching his head again after the country’s SEC ordered his disqualification from the board.