PhilWeb hopes for 'full accreditation' by 4th quarter


Posted at Sep 29 2017 12:26 PM

MANILA -- PhilWeb Corp said Friday it hoped to get full accreditation from regulators within the fourth quarter.

The company said in August that it had secured provisional authority from the Philippine Amusement and Gaming Corp to offer software and other services to electronic gaming sites.

Regulators refused to renew PhilWeb's license in August last year after President Rodrigo Duterte said he was against online gaming. The President also singled out then company chairman Roberto Ongpin in his campaign against "oligarchs."

Ongpin sold his stake in PhilWeb to Araneta in October for P2 billion. The tycoon had hoped to sell it for as much as P20 billion.