PhilWeb said it will provide system support, gaming content integration, marketing and operational services for NWRPlay, the online gaming platform of Newport World Resorts operator Travellers International Hotel Group. The services will be delivered by PhilWeb as a PAGCOR-accredited Gaming System Administrator.
The agreement expands PhilWeb's B2B services for a named Philippine resort operator's online gaming platform.
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PhilWeb has partnered with PT Gaming and NUSTAR Online to launch a game-content distribution and aggregation platform in the Philippines, according to a company release. The initial deployments are expected to include both partners; PhilWeb said it had received accreditation from PAGCOR as a B2B gaming service provider.
PhilWeb agreed to provide an online gaming platform for Tiger Resort, Leisure and Entertainment Inc (TRLEI), operator of Okada Manila, in the Philippines. PhilWeb will supply platform technology, gaming content, customer service infrastructure and marketing support for Okada Play. The source says Okada Manila already operates an online gaming platform under PAGCOR authorisation.
Okada Manila and PhilWeb said Okada Play generated more than PHP100m in gross gaming revenue in October, about 50% above the previous month. The companies also reported more than 100,000 daily active users; the platform launched in May and offers more than 4,000 titles from over 20 content providers.
Okada Play generated more than PHP100 million in gross gaming revenue in October, its highest monthly result since launching in May, according to a joint statement from operator Tiger Resort, Leisure and Entertainment Inc. and technology partner PhilWeb. The companies said daily users topped 100,000; the report put GGR growth at about 50% month on month and said further spending is planned on acquisition, content and engagement.
PhilWeb completed the sale of nearly 61.04 million treasury shares to JKS Tech Solutions for just over PHP1.01bn, at PHP16.50 per share. The transaction, completed on 30 October, forms part of a wider cross-investment arrangement; PhilWeb said the sale proceeds would partly fund its investment in JKS Tech.
PhilWeb Corp said it has completed the sale of nearly 61.04 million treasury common shares to JKS Tech Solutions Inc for just over PHP1.01bn (US$15.9m). In a filing, PhilWeb said this exercise was completed on 30 October and priced the shares at PHP16.50 each. The sale falls under a cross-equity deal that was first announced in September.