• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 17 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

PhilWeb in talks to partner with POGO firm

Newsdesk by Newsdesk
Mon 27 Jan 2020 at 05:29
PhilWeb sees 1H19 losses narrow as recovery continues
114
SHARES
2.6k
VIEWS
Print Friendly, PDF & Email

Philippines electronic gaming outlet service provider PhilWeb Corporation is set to ink a strategic partnership agreement with a Philippines Offshore Gaming Operator (POGO) as it continues its aggressive expansion.

Speaking to local reporters last week, PhilWeb’s Vice Chairman Crisanto Roy B. Alcid said the company is “working with a new group on a strategic partnership to hopefully grow both the eGames business and the eBingo business … eGames for the short-term, eBingo for the long-term.

“We’re officially in negotiations already. The term sheet is being prepared,” he said. Asked for further details on the partnership and who it was with, Alcid declined to provide details but added the company in question is “the biggest POGO operator in the world.”

According to previous media reports,New Oriental Club88 Corp (NOCC) is the nation’s largest POGO operator with up to 18,000 employees.

Alcid also reiterated the company’s expectation that PhilWeb will return to profit in 2020, having seen its revenue in 3Q19 grow 48% to Php149 million and losses narrow from Php25 million in 3Q18 to Php4.5 million.

“We’re poised this year, it’s going to be the turnaround year,” he confirmed last week.

PhilWeb is still on the road to recovery after being forced to shut down in 2016 when President Rodrigo Duterte took aim at the company’s former majority shareholder, Roberto Ongpin, and refused to renew its license to provide gambling services to PAGCOR approved electronic gaming cafés.

The license was returned in August 2017 after Ongpin sold his entire 53.75% stake, but two years on PhilWeb’s stable of 73 gaming outlets remains a long way off the 268 outlets it operated in early 2016.

According to Alcid, PhilWeb is looking to reach 100 eGaming sites by the end of 2020.

RelatedPosts

PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

Mon 15 Sep 2025 at 22:25
Philippines’ maiden PIGO platform generates GGR of US$2.3 million in first six months of operation

DigiPlus said to be eying acquisition of land-based casino pending online gaming regs

Mon 15 Sep 2025 at 21:59
IAG EXPO: Interview with Light & Wonder’s Jamie Dorbian

IAG EXPO: Interview with Light & Wonder’s Jamie Dorbian

Sun 14 Sep 2025 at 17:33
IAG EXPO 2025: Interview with Paul Heretakis

IAG EXPO 2025: Interview with Paul Heretakis

Thu 11 Sep 2025 at 21:35
Load More
Tags: ebingoeGamesonline gamingPhilippine Offshore Gaming OperatorsPhilippinesPhilWebPOGOs
Share52Share7
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Melco’s Tokyo office raided by Public Prosecutor as Akimoto scandal deepens

Melco prices new notes offering at US$500 million

by Newsdesk
Wed 17 Sep 2025 at 06:16

Melco Resorts & Entertainment subsidiary Melco Resorts Finance Limited has priced its international offering of senior notes at US$500 million aggregate principal amount of 6.500% senior notes due 2033. The proceeds will be used to redeem all outstanding 5.250% senior...

Tinian senator puts forward bill to offer online gaming licenses

Chinese nationals launch legal action over alleged fraudulent use of investment funds assigned for Tinian casino projects

by Newsdesk
Wed 17 Sep 2025 at 05:34

A group of more than 20 Chinese nationals have filed a complaint with the Supreme Court of the State of New York alleging misrepresentation of investment opportunities connected to development projects in the Northern Mariana Islands (notably Tinian), the diversion...

The changing face of Macau

Melco to launch private hospital at Macau’s Studio City as part of 10-year non-gaming concession commitment

by Ben Blaschke
Wed 17 Sep 2025 at 05:06

Melco Resorts & Entertainment has unveiled plans to house a private hospital focused on imaging and diagnostic medical services at its Studio City integrated resort in Macau – part of the company’s commitment to invest in non-gaming attractions. Parent firm...

The 2023 Asian Gaming Power 50: Ones to watch

Hong Kong Stock Exchange deems Andrew Lo unsuitable to be director of LET Group or Summit Ascent due to attempted Tigre de Cristal sale

by Ben Blaschke
Tue 16 Sep 2025 at 15:14

The Stock Exchange of Hong Kong Ltd has imposed a Director Unsuitability Statement and a censure against Andrew Lo – the majority shareholder, Executive Director and Chairman of LET Group Holdings and Summit Ascent Holdings – deeming him unsuitable to...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語