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PhilWeb Earnings Double

4/23/10 - Earnings of PhilWeb Corp. more than doubled in the first quarter of 2010 on the back of strong revenues from its gaming operations, the Philippines company reported this week.
 
In a statement, PhilWeb said its net income grew 52 percent to P150 million in the first quarter of 2010, up from P99 million in Q1 2009 as revenues surged 42 percent to P239 million from P168 million last year.
 
The company is a dominant player in the local internet gaming sector, and the technology enabler of the Philippine Amusement and Gaming Corp. (Pagcor).
 
PhilWeb president Dennis Valdez attributed the company's strong earnings to the continuous improvement in its Pagcor e-Games (PEGS) café operations, as well as the launching of new games. PhilWeb now operates a total of 177 PEGS cafés.
 
“We actually projected that new PEGS café openings would slow down a bit due to the oncoming elections, but this has not proved to be the case,” Valdes noted. “Our total bet volume and daily player statistics show double-digit increases versus last year, and we are confident that this trend will continue as awareness of the PEGS increases.”
 
Philweb's other interests also appear to have prospered with the online peso-based online casino, Homeplay, now operational through Pagcor. Other products include Premyo sa Resibo, a mobile raffle conducted on behalf of the Bureau of Internal Revenue; Basketball Jackpot, which is offered through its network of 185 Internet sports betting kiosks; and Bid Wars, a text-based reverse auction.
 
"We are confident that 2010 will be another banner year for PhilWeb and are happy that the results of the first quarter show that our business plans are progressing very solidly," Valdes remarked, adding that the company expects its net income to reach over a billion pesos this year, double its 2009 net income of P551 million.



Gambling News :

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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