By SectorWire desk ·
The report said that PhilWeb’s second-quarter revenue rose 96% to $5.76m, with profit of $769,000. Its digital gaming solutions business contributed 57% of revenue and offset weaker venue operations.
Digital gaming solutions helped PhilWeb offset weaker venue operations and return to quarterly profit.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
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.
B2B online gaming growth accompanied PhilWeb’s return to quarterly profit.
The launch extends Newport World Resorts’ casino offering onto mobile devices.
A broader revenue mix helped offset reduced VIP gaming activity.