PhilWeb acquires Pagcor eGames sites

The eGames operator PhilWeb revealed that it acquired three sites from Pagcor.

Philippines.- PhilWeb, the eGames operator from the Philippines, revealed that it has acquired three Philippine Amusement and Gaming Corporation (PAGCOR) eGames sites. The announcement was made during two filings to the Philippine Stock Exchange.

The operator said during the filings that one site was acquired from Florante O. Castillo in Pasay City for approximately 1.25 million shares, whilst the other two were acquired in Cainta for 2.25 million shares. Those acquisitions were completed through PhilWeb’s subsidiaries BigGame Inc and Easy E-Bingo, as the operator commented.

Pagcor revealed last week that 16 of its eGames cages will receive services from game technology provider PhilWeb Corp. PhilWeb said during the disclosure that Pagcor will be in charge of inspecting and testing the electronic games before they’re distributed to the eGames cafes. “We wish to inform the Exchange that PhilWeb received today a letter from [PAGCOR] allowing it to offer its services as an Electronic Gaming System Provider to the first 16 PAGCOR-licensed gaming sites for electronic games, subject to inspection and testing by PAGCOR,” said a letter written by PhilWeb, which was signed by Corporate Information Officer Raymund Aquino.