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Philweb Expanding Online Gambling Business

5/28/10 - The Philippines internet group Philweb says it has plans to expand the success of its Pagcor e-Games Café online gambling product into Vietnam, Laos, Saipan, Palau, Papua New Guinea, East Timor and Nepal.
 
President Dennis Valdes expects the product’s performance to boost the group revenues to new heights this year, according to reports on ABS-CBN, encouraging further geographic expansion.
 
“We are confident that 2010 will eclipse all records we have set last year for all our businesses,” Valdes boasted this week, revealing that his company is in the process of applying for a license to operate in a number of Asian countries, with the immediate target Cambodia.
 
The Pagcor e-Games Café model apparently works well in countries with a low rate of computer ownership and credit card penetration, as the cafes only accept cash. The Pagcor e-Games Café is an internet café owned and operated by the Philippine Amusement and Gaming Corp. and offering online versions of games of chance, such as poker, blackjack, baccarat, other card games, slot machines, roulette and craps.
 
In the first quarter of 2010, the product was the key driver of PhilWeb’s growth with bet volumes setting new records month after month. Gross bets for the January-March 2010 period rose to P21 billion, a 32 percent improvement from the same quarter in 2009. Revenues reached P200.1 million, or a 40 percent growth, and at the end of March, there were a total of 177 cafes, half of them outside Metro Manila.
 
PhilWeb also provides management services to a network of Pagcor-owned and operated Internet sports betting stations, which operate off PhilWeb-developed gaming software. At present this offers only Basketball Jackpot, a numbers game, but Basketball38 is imminent.
 
With over 180 ISBS kiosks, PhilWeb intends to increase the number of games and the outlets. Are slots your game. Get our exclusive $800 bonus to play all of your favorite slots. All USA welcome. Easy withdrawl and deposit options. Play Slots Now. 
 
PhilWeb recently partnered with Megasportsworld to offer sports betting via the e-Games Cafe. The company also launched ‘Homeplay’ , its first pure online casino, in January 2010 which targets higher-value players who would rather play on their own computers.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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