GGRAsia – PhilWeb says has gaming certificate from Pagcor

PhilWeb says has gaming certificate from Pagcor

Oct 31, 2017 Newsdesk Industry Talk, Latest News, Philippines

PhilWeb Corp, formerly an operator of e-Games parlours in the Philippines, confirmed in a filing on Monday that it has received a certificate of accreditation as an Electronic Gaming System (EGS) provider from the Philippine Amusement and Gaming Corp (Pagcor), the country’s gaming regulator.

“As an accredited EGS service provider, PhilWeb Corp can offer its software and other services to the operators of Pagcor-licensed gaming sites for electronic games,” the firm said in its announcement to the Philippine Stock Exchange. It did not clarify whether it had yet received permission from Pagcor to do so.

In late August, PhilWeb said it had been given a provisional certificate for such accreditation, which it had indicated at the time put it a step closer to resuming the operation of e-Games parlours.

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.

According to PhilWeb data, the company remitted more than PHP2 billion (US$38.7 million) to Pagcor in 2015, the last full year of operations before the contract with Pagcor expired in August 2016.