Aug 21, 2017 Newsdesk Latest News, Philippines, Top of the deck  
The Philippine Amusement and Gaming Corp (Pagcor), the country’s gaming regulator, is said to have granted a licence for PhilWeb Corp to operate its legacy e-Games parlours, reported the Philippine Star newspaper.
Pagcor issued the provisional certificate of accreditation as an Electronic Gaming System service provider to PhilWeb at a recent board meeting, the media outlet reported, quoting unidentified sources.
According to the newspaper, Pagcor will soon conduct an inspection of PhilWeb’s servers and e-Games parlours, after which it may then issue a notice for the company to resume operations.
In August 2016, Pagcor had said it would not be renewing a licence PhilWeb had held for a network of e-Games parlours in that country. PhilWeb had been operating a chain of 286 such Pagcor-licensed outlets, according to company data disclosed around that time.
Since the non-renewal of its former licence, PhilWeb has seen a shake-up of its leadership, and has issued several filings mentioning proposals for a return to gaming sector operations.
PhilWeb’s founder and former major shareholder, Roberto Ongpin, stepped down as PhilWeb’s chairman on August 4, after the country’s head of state, President Rodrigo Duterte, singled out Mr Ongpin as an example of an “oligarch” he would bring down during his term.
Mr Ongpin further distanced himself from the business by selling in October his 53.76-percent stake in PhilWeb to Gregorio Araneta Inc. Businessman Gregorio Araneta is since last year PhilWeb’s chairman.
Apr 19, 2024
Apr 18, 2024
Apr 19, 2024
Apr 19, 2024
Apr 19, 2024
Australia-based slot-machine maker and game-content provider Aristocrat Leisure Ltd says the acquisition of online real money gaming (RMG) provider NeoGames SA is “expected to occur on or about 26...(Click here for more)
”Once Solaire North is fully ramped up, and both properties are generating a certain expectation that we have on cash flow… then we will probably launch the Paniman [casino] project”
Enrique Razon
Chairman and chief executive of Bloomberry Resorts