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Philippines Online Gambling COmpany 30% Rise in Earnings
PhilWeb Corporation, the listed Philippines’ Internet company, has reported earnings in 2008 FY up by over a third on the back of higher revenues, reports GMA News.
The Corporation reported to the Philippine Stock Exchange that its bottom line rose 31 percent to P292 million on revenues of P450 million, an expansion of 68 percent.
Dennis Valdes, president of PhilWeb, attributed the strong financial performance of the group to the excellent results posted by the Philippine Amusement and Gaming Corp. e-Games Cafe network operated by the company.
"We ended 2008 with 121 cafes, a growth of 45 new cafes for the year. Clearly consumers are gradually noticing our cafes as their number increases, and the almost 20 000 gamblers that play with us daily are pleased with the gaming and entertainment products we offer," said Valdes.
He added that the P206-million in positive cash flow last year showed strength in the gaming market.
"We believe this is a recession-proof business, as our strongest month last year was December. During that month, despite all the holidays which normally dampen our volumes, our PEGS Cafe network broke all records. We set the record for total Gross Bets in one month, with a total of P5.5 billion. In one day alone, we set a record, with P239 million in Gross Bets. The Casino Win was also record-setting, with a record of P167 million for December, the best ever for the business," Valdes said.
Gambling News :
Day 2 of the MPNPT Tallinn Main Event -
Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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