PhilWeb Corp., an operator of Internet gaming cafes and online games of chance, says it is still registering strong performance in 2009, despite the global economic downturn.
Dennis Valdes, the company’s president, said in comments reported on the Online-Casinos.com website that he expects PhilWeb to maintain healthy profits this year. Mr Valdes said that by the third quarter of 2008 the business had managed double its entire 2007 performance.
That positive showing was driven by the opening of 45 new outlets under the Philippine Gaming Corp. e-Games Cafés brand, added Mr Valdes.
Even in December 2008, when the economic crisis started to bite in Asia, PhilWeb managed a 25 percent growth quarter on quarter, said Mr Valdes.
The corporation says in addition it has expanded aggressively its games of chance offer including Basketball Jackpot, which is available via a network of 149 kiosks called Internet sports betting stations.
PhilWeb also operates a mobile raffle operated on behalf of the Philippines’ Bureau of Internal Revenue.
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