1/18/10 – The state-owned Philippine Amusement and Gaming Corp. (PAGCORP) has rolled out its first Internet-based casino gaming service powered by a unit of publicly listed online gaming firm Philweb Corp, reports the Philippine Daily Inquirer.
The casino gaming website, branded egamesonline.com.ph, is operated by Philweb Homeplay Inc. and will offer traditional casino games like blackjack, baccarat, roulette and slots to Filipino players who are 21 years of age or older.
“This is an important step in fulfilling Pagcor’s mission to deliver secure, legal, fair and convenient games of chance to adults throughout the country,” Philweb president Dennis Valdes said in a statement. “We believe this site will be attractive to affluent customers who own their own computers at home and prefer to play at their convenience and in privacy,” he added.
E-games Online is supported by PhilWeb’s payment platform, which enables users to deposit to casino accounts by visiting cashiers in Metro Manila, through accredited banks, and via the Click2Pay e-wallet. Other payment methods, such as load PINs, money transfers via online banking, and local credit cards will be added soon, the company announced.
PAGCORP is a Philippines government agency that regulates and operates all games of chance.
PhilWeb, led by former trade minister Roberto Ongpin, is the country’s first and biggest listed online technology firm and works closely with PAGCORP to offer a network of 171 Pagcor e-Games online cafes throughout the country.
It expects to post about P1 billion in net profit this year as various investments in 2009 are seen to start bearing fruit in the recovering domestic economy.