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PhilWeb International Gaming Corp
11/22/09 - PhilWeb International Gaming Corp. has been formed by Philippines online gambling and Internet gaming interests to extend the reach of Philweb's global gaming efforts.
The directorate of the new entity is believed to correspond with that of it's Manila-based and publicly listed parent Philweb and includes the former trade minister Roberto V. Ongpin, reports ABS-CBN News
"The primary purpose [of the company] is to engage in international gaming ventures including all forms of gaming which are legal in the countries in which it will operate," PhilWeb said in documents filed with corporate regulators. The new company’s authorised capital is P1 billion, divided into one billion shares with a par value of a peso each.
PhilWeb Corp. subscribed to 25 percent of the new international subsidiary, the minimum subscription required by the corporation code. The parent gaming firm has three major subsidiaries: PhilWeb Gaming Solutions Corp. whose purpose is to develop and operate licensed game promotions and online gaming solutions; PhilWeb Leisure & Tourism Corp. and PhilWeb Tourism and Entertainment Corp., operators of leisure and "tourism-oriented" activities.
From January to September, profits of the listed company rose to P372 million from P211.75 million in the same period last year, with revenues up by 86 percent to P580 million in the same period due to more acton on its Internet casino business and an increase in the number of Internet cafe casinos.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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