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PhilWeb Casino Operator Earnings Up 28 Percent
10/31/10 - Robust gaming boosted profits of online casino operator Philippines based land and online gaming firm, Philweb Corp., has posted a 28 percent increase in nine month profit mainly attributed to robust gaming.
Net income increased by 28 percent to P477 million in January to September (Q3/2009: P373 million). Revenues totaled P755 million, up 30 percent compared to the first nine months of 2009 (Q3/2009: P580 million) Philweb said it remitted P921 million to state-owned Philippine Amusement and Gaming Corp. (PAGCOR) in the nine months to September.
The amount is PAGCOR’s 60% share in Philweb's e-Games Internet Café and Internet Sports Betting Station businesses. Earlier this year, Philweb launched Home Play, a peso-based online casino under the firm's partnership with PAGCOR offering traditional casino games like blackjack, baccarat, roulette and slots to Filipino players 21 years and older.
Other offerings from Philweb include the "Instant Premyo Sa Resibo" text raffle in co-operation with the Bureau of Internal Revenue, "Basketball Jackpot" that is offered through a network of 185 Internet betting stations, and the "Bid Wars" mobile game. "We are particularly pleased with our third quarter results, as it shows that our core businesses remain robust," PhilWeb president Dennis O. Valdes said, "and further growth is expected up to the end of the year".
Gambling News :
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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