PhilWeb Corp, which operates Internet cafés across the Philippines that are dedicated to casino games, announced on Tuesday that Eric O. Recto has resigned as vice chairman and member of the board of directors. Mr Recto’s resignation is “effective immediately”, the company told the Philippine Stock Exchange.
PhilWeb said Mr Recto wants to focus on his roles as chief executive of ISM Communications Corp and as chairman of the board at Philippine Bank of Communications Inc.
The company is yet to announce a replacement.
PhilWeb reported a drop in profit for the three months to June 30. The company’s current main business consists of licensing proprietary software and providing technical, marketing and cash management services to state-owned Philippine Amusement and Gaming Corp’s (Pagcor) e-Games cafés.
Jul 15, 2019Pansy Ho Chiu King, co-chairperson and executive director of Macau casino operator MGM China Holdings Ltd, says the city’s six gaming concessionaires should remain in the market amid the process of...
Jul 15, 2019
”For any products that are legally allowed to operate in other countries and regions, the company will not adopt them if the laws of Macau do not allow it and will strictly adhere to the law of Macau”
Chief executive of Macau junket brand Suncity Group