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PhilWeb Corporation has announced a capital raising initiative
Thursday June 3,2016 : PHILWEB RAISING CAPITAL FOR EXPANSION OF INTERNET GAMBLING ASSETS
Company plans to raise US$128.6 million from sale of shares.
The Philippino gambling group PhilWeb Corporation has announced a capital raising initiative to fund expansion of its internet cafe gambling facilities, revealing that it plans to raise US$128.6 million through the sale of treasury and subsidiary-held shares.
In a stock exchange advisory this week the company certified that its shareholders have unanimously approved the project for a private placement of over 300 million shares in the corporation priced at a minimum of P20 per share.
“With this war chest, the company will have the ability to go on an aggressive expansion program,” the filing explained..
By the end of 2015, the firm’s network included 268 e-games outlets with more than 8,800 gaming terminals and around 90,000 registered members.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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