PhilWeb Subsidiary Acquires PAGCOR e-Games Site in Mandaue

Makati—(PHStocks)—PhilWeb Corp. (PSE: WEB), thru its subsidiary BigGame Inc., has acquired 100% ownership of a PAGCOR e-Games site in Mandaue City from Noel C. Basubas by giving the latter 150,000 PhilWeb common shares, at a price of PhP11.00 per share, for his 49% ownership in said site. Related Articles:PhilWeb 2015 Net Income Hits PhP870MPhilWeb Receives […]
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IP E-Game Ventures Acquires 25% Stake in Cosamera Resorts

Makati–(PHStocks)–IP E-Game Ventures Inc. (PSE: EG), the listed online gaming subsidiary of  IPVG Corporation (PSE: IP), has acquired a stake in Cosamera Resorts Corp. Cosamera is a company with primary business in the Cagayan Special Economic Zone and Freeport (CSEZFP). It is in the business of hotel and resort facilities, which shall serve tourists frequenting the Cagayan Economic Zone […]
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IP E-Game Ventures Board Approves Changing Company Name

Makati–(PHStocks)–The Board of Directors of IP E-Game Ventures Inc. (PSE: EG), the online gaming subsidiary of IPVG Corporation (PSE: IP), has approved the ammendment of the Article First of the company’s Articles of Incorporation regarding the change of the company’s name, in line with its aim to expand its business to include food and beverage, entertainment, […]
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IP E-Game Ventures Reschedules SRO

IP E-Game Ventures Inc. (PSE: EG) has amended the schedule of its 4:1 Stocks Right Offering (SRO) from the initial period of January 17-24, 2011, to January 24-31, 2011, due to unforeseen delays in the logistics of EG’s SRO. Listing date was moved to February 10, 2011, from the initial February 3, 2011 schedule. In […]
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PhilWeb 2015 Net Income Hits PhP870M

Makati—(PHStocks)—PhilWeb Corp. (PSE: WEB), the service provider to PAGCOR’s network of e-Games outlets, released its audited financial statements for 2015, showing an increase in revenue despite increased competition from other forms of gaming operations. Annual revenue totalled PhP1.67 billion, while net income was PhP870 million. Income before tax and EBITDA were all higher than the […]
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PH Stocks Down for Second Session on Profit Taking

Manila—(PHStocks)—The Philippine Stock Exchange (PSE) index was down for a second session Tuesday, January 20, as profit taking continued amid new highs last week. The PSEi closed today’s trading at 7,452.81, a 0.43% decline from yesterday’s finish. PSEi closed last week’s trading at 7,490.88 (14 January)—a new high for this year—before the local stock market […]
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