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Gregorio Araneta New PhilWeb ChairMan
NEW CHAIRMAN FOR PHILWEB
Philippines e-gambling appoints major shareholder Gregorio Araneta.
The beleaguered Philippines e-gaming group Philweb, still reeling from the war on e-gaming being waged by president Rodrigo Duterte, has announced the appointment of major shareholder Gregorio Araneta as chairman.
Our readers will recall that previous chairman and majority shareholder Roberto Ongpin stepped down last month as the presidential hammering adversely impacted the company.
According to the companys stock exchange notification Araneta is already an independent director of the company and sits on its nomination and remuneration committees.
The businessman directly owns 100 shares in PhilWeb and maintains another 13,043,478 shares through Gregorio Araneta Inc., along with business interests in property development and the energy sector. He is married to Irene R. Marcos-Araneta, daughter of the country’s late deposed dictator Ferdinand E. Marcos.
The governments licensing authority, Pagcor, recently announced that it would start accepting applications from operators for new licenses provided they did not target Filipino punters. It is not known at present whether Philweb has submitted an application in a bid to replace the almost 300 licenses for its venues which Pagcor refused to renew in August.
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
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William Hill Exits Russia -
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Pennsylvania Online Gambling Hearing Postponed till October -
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Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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