Good morning. PhilWeb has found a second engine, and it is accelerating quickly. The Philippine gaming technology provider nearly doubled second-quarter revenue to $5.76 million and swung to a $769,000 profit, as its new digital gaming solutions business generated 57 percent of group revenue. The segment’s rapid expansion helped offset weakness in PhilWeb’s venue-based operations and lifted EBITDA almost tenfold. In South Korea, GKL approved a $2.7 million interim dividend and committed to a $122.3 million lease arrangement that will keep its Seven Luck Casino at Gangnam COEX in place through 2035.

What you need to know

PhilWeb’s 2Q26 revenue nearly doubled to $5.76 million as its expanding B2B digital gaming operations helped reverse a year-ago loss.
GKL secured the long-term operation of its Gangnam COEX casino with a $122.3 million lease and approved a $2.7 million dividend.

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AGB Intelligence

PHILIPPINES

PhilWeb swings to $769,000 profit as 2Q26 revenue nearly doubles

PhilWeb recorded a $769,000 net profit in 2Q26, reversing a year-ago loss, as revenue nearly doubled to $5.76 million. Digital Gaming Solutions contributed $3.27 million, or 57 percent of group revenue. The result followed the company’s expansion into B2B platform technology, online gaming operations and content aggregation through agreements with major Philippine casino operators and international game suppliers. Quarterly EBITDA increased 886 percent to $842,000, with its margin reaching 15 percent.

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Written by AGBrief Editorial The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers. More from AGBrief Editorial →