Interactive
Philippines – PAGCOR reinstates PhilWeb’s operating licence
By Phil - 21 August 2017
Philippines regulator PAGCOR has voted to reinstate PhilWeb’s online gaming license and has granted the company a Provisional Certificate of Accreditation as an Electronic Gaming System service provider.
Having seen its licence revoked in August last year, PhilWeb’s income fell by 134 per cent to just over US$6m in 2016.
PhilWeb President Dennis Valdes said. “We are grateful to PAGCOR Chairman Domingo and the entire Board of Directors of Pagcor for their faith in our company and for giving us the opportunity to deliver services to their electronic gaming operators once again.”
The company has been out of operation for over a year and has had to change its Chairman following a fall-out between Philippine President Rodrigo Duterte and PhilWeb’s former Chairman Roberto Ongpin, who relinquished his role in an attempt to get the licence reissued.
PAGCOR has recently introduced a new licensing system for gaming service providers aimed at giving operators greater choice.
“This allows for a level playing field for any qualified provider,” said PAGCOR chair Andrea Domingo.
Philweb operates over 300 internet cafes devoted to casino games. They are described as a private, members-only network of clubs where players need to be physically present to play. It offers brands such as e-games, Big Game and Mega Sports World.
