Local Online Gambling SuccessPublished January 18, 2010
High hopes for PhilWeb in 2010.
PhilWeb Corp. expects 2010 to be a bumper year. The local high flyer online gambling corporation provides the technology for the Philippine Amusement and Gaming Corp, operates Pagcor's e-Games café system and also has various online sports betting concerns.
In a positive statement to start the year, PhilWeb announced they expect to earn a remarkable P1 billion in earnings throughout 2010.
2009 Expansion Pays Off
2009 saw PhilWeb's income boom a staggering 89% from the previous year, mainly due to gaming operations which grew an incredible 126%. PhilWeb opened 50 new Pagcore e-Games cafes in 2009 as well as a new Bid Wars mobile game.
The e-Games cafes started out in 2006 and cater for locals who want to play a variety of online card games, video poker and slots in a comfortable and friendly atmosphere. The Pagcore computers currently offer players 130 games and are proving a popular venue for Philippinos.
Local Economy Boost
"We had an excellent 2009 but are even more excited about our prospects in 2010," PhilWeb president Dennis Valdes said in his statement.
Having made astute investments in 2009 and with 2010 seeing the domestic economy beginning to recover, it is great to see a local company enjoying the fruits of their labor and themselves providing a local boost to the economy.