Felix Ng -
Philippines-listed Philweb Corp recorded a 22 percent fall in net profit in 1Q22, despite a strong uptick in revenues from its PIGO operations.
PhilWeb Corporation has acquired sixteen electronic bingo companies and two accredited electronic bingo machine supplier companies.
Major industry changes and updates don’t happen behind a screen but in person. That’s why it’s great to be back and discuss key regional challenges and opportunities face to face at the Shangri-La at the Fort July 25-27.
The political jockeying that historically has followed presidential elections in the Philippines may have already begun in the casino industry with Bloomberry Resorts announcing it’s investing in two PH Travel and Resorts properties.
Findings of Western Australia’s Royal Commission inquiry into Crown Resorts has finally come out, finding the operator “unsuitable” to hold its license in the state, just as it had been for NSW and Victoria.
The nascent PIGO market has enormous potential, but the high costs of doing business are hampering its ability to compete with illegal gambling operators, say three of the first movers in the field. In Asia Gaming Brief's Pop-Up Webinar, which was aired live on Monday, DFNN CEO Calvin Lim, PhilWeb President Brian Ng and Jade Entertainment CEO Joe Pisano tell us about the current state-of-play in the market and some of the challenges they have been facing.
The Philippines’ nascent domestic online gaming market has made a good start, but the market is challenging with high cost structures and other regulatory hurdles that may crimp industry potential if they go unaddressed.