Tag: PhilWeb

PhilWeb looks to purchase 15 Pagcor eGames parlours

Betting Business - PagCor PhilWeb
Philweb is looking to acquire 15 e-Games cafes from national regulator-cum-operator the Philippine Amusement and Gaming Corp (Pagcor) by tendering 7.5 million shares to purchase the properties.   In a filing with the Philippines Stock Exchange this March, PhilWeb stated that its board had decided to proceed with the deal despite the failure of talks with Pagcor to revive its licence...

Philippine gaming stocks jump 50% following u-turn

Betting Business, Duterte, Philippine, online gaming, legislation
PhilWeb and Leisure and Resorts World shares jumped by the 50 percent daily limit on 25 August after Philippine President Rodrigo Duterte said he might allow online gambling to resume with some conditions.   PhilWeb, which used to supply software to government-licensed internet gambling cafes, saw its price per share soar to 8.10 pesos at the close of trading, the most...

Philippine Gambling regulator Pagcor will not renew Philweb gaming licence

Betting Business, Philweb, Phillipines
PhilWeb’s gaming licence will not be renewed by Philippine gambling regulators. The decision continues Philippine President Rodrigo Duterte’s crusade against online gambling in the country.   The new head of the Philippine Amusement and Gaming Corp (Pagcor) has announced the regulator will not be renewing the gaming licence of Manila-based PhilWeb. Andrea Domingo told Bloomberg News on 8 August: “We won’t...

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