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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".



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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.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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