MICROGAMING TO PROVIDE CONTENT FOR PHILWEB’s NEW ONLINE GAMBLING VENTURE

The Isle of Man-based internet gambling software provider and games developer Microgaming has announced a partnership deal to provide internet games content for PhilWeb’s new online casino venture, Vibrant Vegas, which launches this week through the Pagcor e-Games (PEGS) café network.

Manila-based PhilWeb is the first and largest listed internet company in the Philippines by market capitalisation, and the dominant technology-based gaming firm.

The company recently released excellent first quarter results for 2010 which showed a 52 percent growth in net income . Its latest venture in bringing the Vibrant Vegas online casino to market is a vital part of its ambitious development plans for 2010 and beyond.

The partnership allows PhilWeb access to Microgaming’s catalogue of over 450 graphics and feature-rich games, the support of a dedicated Account Management team and quality back-office services. For Microgaming, the deal with PhilWeb represents the addition of yet another successful Asian operator to its international network, further cementing its stronghold in the developing Asian gaming market.

Dennis Valdes, CEO, PhilWeb said: “Our gaming operations are currently going from strength to strength and we are delighted to be delivering a new casino platform to market. We are currently undergoing rapid growth, and Microgaming is the obvious partner for us, due to its ability to deliver the highest quality tailored software at an unrivalled speed to market. We firmly believe that no other provider comes close when it comes to games content.".

“The partnership with PhilWeb represents a real coup for Microgaming," said Fredrik Lonnqvist of Microgaming. "We are proud to have been selected by such a dynamic company with such a strong reputation in its market."

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