PhilWeb said it is preparing to supply MegaWin digital casino games to Philippine gaming operators under an exclusive partnership, targeting a fourth-quarter 2026 rollout. The offering is intended for casino resorts and domestic gaming platforms, with software designed to connect to partner backend networks.
PhilWeb is preparing an exclusive supply of MegaWin games for Philippine operators, targeting a fourth-quarter rollout.
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PhilWeb said it had agreed an exclusive partnership with Pragmatic Play to make the supplier’s services available to licensed gaming operators in the Philippines. The company said the arrangement remains subject to regulatory approvals and contractual agreements; it disclosed no financial terms or expected launch date.
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.
PhilWeb and its wholly owned subsidiary PhilWeb Capital have agreed to invest a combined nearly PHP4.23bn in JKS Tech Solutions in the Philippines, citing PhilWeb's Monday filing. JKS Tech Solutions administers gaming systems and holds accreditation from the country's casino regulator.
PhilWeb appointed Lance Y. Gokongwei as board chairman, replacing Crisanto Roy B. Alcid, who relinquished the chair and chief executive roles effective 27 August. Alcid remains a director, and Gokongwei will serve for the rest of the current term. The company said the appointment followed Gokongwei’s ₱2.02 billion strategic equity investment.
It was reported that PhilWeb earned PHP47m in net income during the second quarter of 2026. It had lost PHP16.3m a year earlier, while growth in B2B online gaming helped sales almost double.