PhilWeb starts winding up operations—PagcorOnline gaming firm PhilWeb Corp. has started winding up its operations after the Philippine Amusement and Gaming Corp. (Pagcor) thumbed down the company’s request to renew its license to operate. “PhilWeb informed Pagcor that they are doing their wind up operations,” Domingo said after her meeting with Valdes. “The PhilWeb contract will expire (on) Aug 10, 2016,” Domingo said in a text message to the Manila Bulletin. Values earlier explained that PhilWeb was merely a software provider to Pagcor for its network of e-Games outlets. The e-Games network contributed P2.1 billion to Pagcor last year, and over P14 billion in the past 14 years, according to PhilWeb.

Source: Manila Bulletin August 09, 2016 10:41 UTC