Insider Spotlight
His appointment comes as PhilWeb transforms from one of the Philippines’ earliest online gaming operators into a technology provider powering some of the country’s biggest online casino platforms, including those backed by Hann, Okada and NUSTAR.
The company has returned to growth under a new set of owners and president Brian Ng, shifting its business toward regulated gaming technology and digital platform services.
Turnaround gains traction
That strategy has fueled a sharp market rerating, with PhilWeb shares more than doubling since the start of 2026 and soaring more than 300 percent over the past 12 months.
Gokongwei agreed to subscribe to shares that could give him up to a 15 percent stake, subject to shareholder and regulatory approvals. The deal was first reported by InsiderPH.
New directors
Lance Gokongwei is president and CEO of conglomerate JG Summit Holdings and chairs several listed companies, including Cebu Air, Universal Robina and Robinsons Land.
He also serves as vice chair of Manila Electric Co. and sits on the boards of several major Philippine and regional companies.
Aldous Brigino, who joins PhilWeb as independent director, is a business executive with more than two decades of experience spanning fintech, payments, telecommunications and technology.
He has held senior leadership roles at PayMaya, Bayad Center, Smart Communications and Accenture, and currently chairs Techwave Technologies Corp. and co-founded gaming venture Beetzee Play.
Next phase
PhilWeb said Gokongwei’s investment will not result in a change of control, and his shares will be subject to an 18-month lock-up period.
The board appointment comes as the company scales its technology business, with new funding expected to support further expansion across the regulated online gaming market.
—Edited by Miguel R. Camus
