PhilWeb group agrees nearly PHP4.23bn investment in JKS Tech Solutions
PhilWeb and PhilWeb Capital commit nearly PHP4.23bn to JKS Tech Solutions, a regulator-accredited gaming systems provider.
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PhilWeb and PhilWeb Capital commit nearly PHP4.23bn to JKS Tech Solutions, a regulator-accredited gaming systems provider.
The US$67.4m agreement connects PhilWeb and JKS Tech Solutions through a series of cross-investment transactions.
Gokongwei’s appointment places him at the head of PhilWeb’s board as the platform provider pursues AI ambitions.
Digital gaming solutions helped PhilWeb offset weaker venue operations and return to quarterly profit.
B2B online gaming growth accompanied PhilWeb’s return to quarterly profit.
The launch extends Newport World Resorts’ casino offering onto mobile devices.
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Lance Gokongwei
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