PhilWeb has denied a media report suggesting a possible deal with PlayTime.<\/p>\n\n\n\n\n\n\n\n
The Philippines.-\u00a0PhilWeb Corporation has issued a statement denying a report from news outlet Bilyonaryo.com that suggested the online gaming platform PlayTime was pursuing a backdoor listing through the company. PhilWeb denied that its representatives, management or board members had any interactions, communications or engagements with PlayTime relating to any matter.<\/p>\n\n\n\n
PhilWeb responded yesterday (March 25) after its share price on the Philippine Stock Exchange (PSE) fell nearly 30 per cent, from PHP3.29 (US$0.057) to PHP2.31 (US$0.04) in one day. The company said the drop was due to market reactions to the article published on March 21.<\/p>\n\n\n\n
PhilWeb operates 86 PAGCOR licenced video game cafes, 32 BigGame locations and 22 E-Bingo locations nationwide. It gained a remote gambling licences in 2021. The company said it would inform the exchange if there are any material developments requiring disclosure.<\/p>\n","protected":false},"excerpt":{"rendered":"
PhilWeb has denied a media report suggesting a possible deal with PlayTime.<\/p>\n","protected":false},"author":176,"featured_media":2822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PhilWeb Corporation has vehemently denied a media report from Bilyonaryo.com suggesting a potential backdoor listing by online gaming platform PlayTime, asserting no interactions occurred. This denial followed a nearly 30% decline in PhilWeb's share price on the Philippine Stock Exchange, attributed to market reactions to the speculative article. PhilWeb, a PAGCOR-licensed operator across multiple gaming verticals, reiterated its commitment to disclose any material developments.","focusai_entities":"PhilWeb Corporation, PlayTime, Bilyonaryo.com, Philippine Stock Exchange, PAGCOR","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.7), operator_casino (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PhilWeb Valuation Impact?","query":"What is the revised enterprise valuation of PhilWeb Corporation following the share price correction and denial of the PlayTime backdoor listing?"},{"label":"PAGCOR M&A Oversight?","query":"How does PAGCOR's regulatory framework specifically govern M&A activities, including backdoor listings, for its licensed iGaming operators?"}],"footnotes":""},"categories":[157,16333],"tags":[24677],"class_list":["post-777024514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-philweb"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777024514"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024514\/revisions"}],"predecessor-version":[{"id":777024537,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024514\/revisions\/777024537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2822"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777024514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}