• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

PhilWeb new boss has hopes for fresh Pagcor permit

Nov 14, 2016 Newsdesk Latest News, Philippines, Top of the deck  


PhilWeb new boss has hopes for fresh Pagcor permit

Philippines-based PhilWeb Corp’s new chairman Gregorio Araneta confirmed in a Monday filing to the Philippine Stock Exchange that  he hopes PhilWeb “will be given a licence” for e-Games operations from the local regulator “by the end of this year”.

PhilWeb had previously run a network of 286 domestic gaming parlours offering Internet-delivered games according to company information. But on August 8, the regulator, the Philippine Amusement and Gaming Corp, also known as Pagcor, announced it would not be renewing PhilWeb’s right to do so.

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. In the Philippines, the senior management team of the gaming regulator typically changes with the installation of a new national president.

Mr Ongpin further distanced himself from the business by selling in October his 771,651,896 shares in PhilWeb – equivalent to a 53.76 percent stake and held via a group of companies – to Gregorio Araneta Inc for PHP2.60 (US$0.0534) per share.

In early October, PhilWeb said it had asked Pagcor for permission to recommence operation of electronic games parlours in the light of the group’s own transition to a new leadership.

The Manila Times newspaper had reported on Sunday – quoting Mr Araneta – that the businessman was in talks with Pagcor and the country’s Securities and Exchange Commission, and “expected” to take over PhilWeb fully and secure a Pagcor licence before December 31.


  • tweet
Related articles
  • Pagcor rev topped US$5.4bln in 6 years, says Domingo
    Pagcor rev topped US$5.4bln in 6 years,...

    Jun 30, 2022  

  • Pagcor says 35pct of revenue owed from POGOs ‘resolved’
    Pagcor says 35pct of revenue owed from...

    Jun 27, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • Macau drops 48hr nucleic acid test for casino staff, guestsMacau drops 48hr nucleic acid test for casino staff, guests June 30, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
  • Only 2 Macau satellites closed as concessions extendedOnly 2 Macau satellites closed as concessions extended June 29, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us