Strong revenue streams energized PhilWeb’s 2Q22 bottom line as the company reported a net profit of PHP 18 million ($0.32 million) against the previous year’s loss of PHP 23 million ($0.41 million).

Philippines-listed Philweb Corp recorded a 22 percent fall in net profit in 1Q22, despite a strong uptick in revenues from its PIGO operations.

Philippines-based Philweb Corp swung to a net income of P7.2 million in the first quarter of 2021, up from a P1.5 billion loss incurred in the prior-year period.

PhilWeb Corporation has acquired sixteen electronic bingo companies and two accredited electronic bingo machine supplier companies.

The Philippines is leading the way in regulated gaming offerings, having introduced inland gaming operators (PIGOS) during the pandemic and exploring all types of different products, from sports betting to Bingo. In a special panel, top PIGO operators in the country point out what improvements can be made.

Philippine Inland Gaming Operators (PIGOs) are still fighting to gain higher market share, as illegal operators steal away potential clientele, with licensed PIGOs urging regulators to take a hardline not only on the illegal operations themselves, but also those facilitating them.

It's all about that (Premium) mass. This year's edition of the ASEAN Gaming Summit, running in Manila since 2017, is dedicated to the industry's shift from its targeted VIP legacy to a mass market and what you need to engage that coveted slice from the top: Premium mass.

As Asia starts to remerge, there will be further M&A opportunities in the region to consolidate the industry post-pandemic and expand the overall reach to new players via innovation, writes Brendan D. Bussmann.

Eighteen months after the introduction of the first online gambling licenses in the Philippines, industry players would like to see regulation evolve to create a level playing field and allow them to compete with the booming illegal industry.

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.