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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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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
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NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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