Tycoon Kevin Tan-backed Newport World Resorts has tapped PhilWeb Corp. to power its online gambling expansion, giving the listed gaming technology firm its second major integrated resort partner in Metro Manila.
Lance Gokongwei has joined the board of PhilWeb Corp., cementing his commitment after agreeing to invest about P2 billion in the fast-rising gaming technology company.
Listed PhilWeb Corp. has landed one of the world’s biggest online casino content providers as it accelerates its transformation to a leading digital gambling technology platform.
The appointment places a gaming law expert at the helm of PhilWeb's governance oversight as the company pursues expansion in regulated online gaming and digital technology services. The move also signals continued emphasis on board independence and regulatory compliance following the firm's change in control earlier this year.
The agreement — Philwebs’s third with a casino-hosting hotel in recent weeks — positions the firm as a technology and services provider for NWPRPlay, the online gaming platform operated under a Philippine Amusement and Gaming Corp.-accredited Gaming System Administrator framework.
PhilWeb Corp. reshuffled its board following a management-led takeover, with four directors stepping down and a new slate of appointees taking their seats.
PhilWeb Corp. has secured a deal to embed its online gaming technology across FBM’s nationwide network of machines and venues, a move that expands the listed firm’s platform reach and recurring service revenues.
PhilWeb Corp. rolled out HANN Online which marks the relaunch of the online gambling platform of South Korean tycoon Dae Sik Han, who established the Hann Casino Resort in Clark, Pampanaga.