Philippines-based PhilWeb Corp says it has received a letter from the Philippine Amusement and Gaming Corp (Pagcor), the country’s gaming regulator, “allowing it to offer its services as an electronic gaming system service provider”.
Such services are to be provided initially to 16 Pagcor-licensed gaming sites for electronic games, said the company in its latest filing to the Philippine Stock Exchange. But the start of operations is still “subject to inspection and testing [of the e-Games outlets] by Pagcor,” the firm added.
PhilWeb confirmed in October that it had received a certificate of accreditation as an electronic gaming system provider from Pagcor, which put the company a step closer to resuming operations of its legacy 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, and has issued several filings mentioning proposals for a return to gaming sector operations.
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"The stronger mass growth [in Macau in the second quarter] should be viewed positively vis- à-vis [the] government’s stated priority”
Japanese brokerage Nomura