PhilWeb swaps shares for e-Games site in Calumpit

    PhilWeb Corp. has acquired an e-Games site north-west of Manila in exchange for 552,050 of its shares.

    The owner of the Pagcor eGames site was Lucky Winner Bingo and Gaming Corporation, which received the shares at a price of 5.44 per share, making the consideration worth around P$3 million (US$56,142).

    In June, Philweb acquired two more Pagcor e-gaming sites in  Consolacion and Lapulapu City on Cebu.

    There are now 53 locations operating under the PhilWeb Group.

    The operator has been adding e-gaming sites since re-acquiring its permit to operate last year. The company said in October that it had received the Certificate of Accreditation from the Philippine Amusement and Gaming Corporation (PAGCOR) as an Electronic Gaming System service provider.