PhilWeb Receives Green Light to Offer E-Gaming System Service

PhilWeb Corp. (PSE: WEB) has received a letter from the Philippine Amusement and Gaming Corp. (PAGCOR), allowing it to offer its services as an electronic gaming system service provider to the first 16 PAGCOR-licensed gaming sites for electronic games, subject to inspection and testing by PAGCOR. Related Articles:PhilWeb Subsidiary Acquires PAGCOR e-Games Site in MandauePhilWeb […]
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Resorts World Manila Resumes Gaming Operations

Pasay—(PHStocks)—Resorts World Manila, the integrated resort operated by Travellers International Hotel Group Inc. (PSE: RWM), today resumes its gaming operations as the Philippine Amusement and Gaming Corporation (PAGCOR) lifted the June 9, 2017 suspension order of the Company’s provisional license to operate casinos and other gaming facilities. The decision came after RWM presented to PAGCOR its Casino […]
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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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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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Winford Hotel Opens at the Heart of Greater Chinatown

Primaries of the MJC Investments Corp. (MIC, PSE: MJIC), along with representatives of the Philippine Amusement and Gaming Corporation (PAGCOR), today launched its newest project, the Winford Hotel at the San Lazaro Business and Tourism Park in Santa Cruz, Manila. Present during the launch were MIC Chairman and CEO Atty. Alfonso R. Reyno Jr., Chief Financial […]
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Belle Declares Special Cash Dividend

Manila—(PHStocks)—Belle Corp.‘s (PSE: BEL) Board of Directors approved on January 27, 2015 the declaration of a special cash dividend of Eighteen Centavos (PhP0.18) per share, for a total special dividend payment to its common shareholders of approximately PhP1.9 billion, payable on 9 March 2015 to shareholders of record as of 10 February 2015. In the […]
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Leisure and Resorts World Subsidiary Seal PhP3B OLSA with BDO

Leisure & Resorts World Corporation (LRWC, PSE: LR) has announced that its wholly owned subsidiary AB Leisure Global Inc. executed an Omnibus Loan and Security Agreement (OLSA) in the amount of PhP3 billion with BDO Unibank Inc. (PSE: BDO) as the Lender. BDO Unibank Inc. – Trust and Investment Group signed on as the Security Trustee. Since AB Global is […]
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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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