Tag Archives: Roberto Ongpin
- PhilWeb appoints new chairman as old chairman preps share sale
September 22, 2016
Philippines-based gaming operator PhilWeb has appointed a new chairman, just as its former chairman takes steps to completely divest his holdings in the company. This week, PhilWeb announced that Gregorio Ma Araneta III, a PhilWeb director and the company’s second largest shareholder, would succeed outgoing chairman Roberto Ongpin, who formally...
- PAGCOR refuses to waver on PhilWeb stance
August 23, 2016
Beleaguered businessman Roberto Ongpin can revise his proposals to save PhilWeb all he wants, but the Philippine Amusement and Gaming Corporation (PAGCOR) will not budge on its decision. Last week, Ongpin made several last ditch attempts to save the gaming technology provider from the wrath of Philippine President Rodrigo Duterte....
- PhilWeb’s Ongpin makes final offer, tells gov’t to use shares for drug rehab centers
August 20, 2016
After being spurned by the Philippine Amusement and Gaming Corporation (PAGCOR), beleaguered businessman Roberto Ongpin is making “one last attempt” to save PhilWeb. His new offer: Use the shares to build drug rehabilitation centers. In a letter to the state-run regulator, Ongpin renewed his offer to donate 49% of his...
- PAGCOR Rebuffs PhilWeb Ex-boss’s Surprise 49% Stake Offer
August 19, 2016
State-run Philippine Amusement and Gaming Corporation (PAGCOR) is passing up businessman Roberto Ongpin’s surprise offer to donate 49 percent of his PhilWeb stake to the government. The reason? Philippine President Rodrigo Duterte’s strong aversion to gambling. “The issue is not [Ongpin] or PhilWeb per se. It is the president’s and...
- PhilWeb ex-boss cancels auction, donates 49% stake to PAGCOR
August 18, 2016
In yet another last-ditch attempt to save PhilWeb from the wrath of Philippine President Rodrigo Duterte, Roberto Ongpin has decided to donate the bulk of his stake to the government. Last week, the embattled former chairman of the gaming technology provider announced that he would auction off his 771.75 million...
- PAGCOR shuts door on PhilWeb for good
August 16, 2016
Philippine-based gaming technology provider Philweb Corp.’s plea for their license to be renewed has fallen on the state-run Philippine Amusement and Gaming Corporation’s (PAGCOR) deaf ears. PAGCOR chairman Andrea Domingo stood pat with her decision not to renew the license of PhilWeb to provide software to online casinos in the...
Okada Manila eyes Philippine backdoor listing
May 2, 2017