The company will build and operate FBM Philippines’ online gaming system and integrate it directly into physical electronic gaming machines rather than standalone websites.
Philweb shares surged nearly 6.5 percent to a new record high of P10.90 each. This adds to gains of over 800 percent in the past 12 months.
Big picture
The model is designed to help physical e-gaming venues counter falling traffic by adding digital play features to machines and outlets.
“This approach is intended to help physical e-gaming venues reverse traffic pressure, enhance player engagement, and strengthen revenues, particularly in an environment where standalone offline operations face increasing challenges,” PhilWeb said in a stock exchange filing on Monday.
Large-scale deployment
Deployment is expected to begin this year across more than 500 venues and up to 30,000 machines operated by FBM Philippines, one of the country’s largest electronic gaming venue networks.
PhilWeb, licensed by the Philippine Amusement and Gaming Corporation (PAGCOR), will provide systems integration and platform operations.
Management’s view
“Rather than launching a standalone online product, this collaboration allows us to help FBM build online capabilities that are deeply integrated into their existing machine and venue network,” said Brian Ng, president of PhilWeb.
“By embedding online functionality directly into physical venues, we can support FBM in driving engagement and revitalizing offline operations at scale,” he added.
“This partnership enables us to extend our online presence in a way that directly benefits our offline business. By deploying online-driven features across our machines and venues, we can offer a more engaging experience for players while creating stronger revenue opportunities for our partners nationwide,” said Pepe Costa, country manager of FBM Philippines.
—Edited by Miguel R. Camus
