The PhilWeb Corporation is a Philippine internet company involved in the gaming industry. It has operated the e-Games casino outlets.[2]

PhilWeb
TypePublic (PSE: WEB)
IndustryCasino
FounderRoberto Ongpin
HeadquartersMakati, Metro Manila, Philippines
Area served
Asia-Pacific
Key people
Gregorio Maria Araneta III (Chairman)[1]
Number of employees
5,000 (2016)[2]
Websitewww.philweb.com.ph

PhilWeb was founded by Roberto Ongpin and incorporated on August 20, 1969 as South Seas Oil and Mineral Exploration Co. Inc.[3] It was initially involved in mining and resource exploration. The name of the company changed to South Seas Natural Resources through an authorization by stockholders on March 29, 1984, a move approved by the Security Exchange Commission.[4]

South Seas Natural Resources' name was changed to PhilWeb.Com, Inc. on January 18, 2000 becoming an internet company. On the same date the mining claims and assets of the company was transferred to its subsidiary, All-Acacia Resources, Inc. Its name was then again changed on May 31, 2002 to its present name, PhilWeb Corporation by the company's stockholders.[4]

In 2019, PhilWeb signed a ₱292-million share purchase and cooperation agreement with Palmary Corporation to jointly develop their electronic bingo businesses.[5]

In 2020, PhilWeb announced that Brian K. Ng will replace Dennis O. Valdes as president of the company effective February 1.[6]

ReferencesEdit

  1. ^ "Araneta named Philweb president". Philippine Daily Inquirer. 20 September 2016. Retrieved 20 September 2016.
  2. ^ a b Cabuenas, Jon Viktor (10 August 2016). "With Ongpin out, PhilWeb hoping to get back PAGCOR license". GMA News. Retrieved 10 August 2016.
  3. ^ "Philweb Corp". Wall Street Journal. Retrieved 11 August 2016.
  4. ^ a b "History". PhilWeb Corporation. Retrieved 10 August 2016.
  5. ^ "PhilWeb sells 6.8% interest to operator of bingo outlets". Manila Standard. Retrieved 2019-12-23.
  6. ^ BusinessMirror (2020-01-03). "Ongpin-led PhilWeb elects new president". BusinessMirror. Retrieved 2020-01-03.