PhilWeb steps up foreign push


PhilWeb Corp is seeking approval to launch gaming ventures in countries including Thailand, Laos, Myanmar, Nepal, Sri Lanka, Mongolia and Palau. The company is seeking to expand both its scatch-and-win lottery cards business and its “e-Games casinos”, internet cafes for playing casino games. The company is preparing to open its first overseas e-Games outlet in the East Timor capital of Dili. PhilWeb reported net income rose 20.3 percent last year to 1.1 billion pesos ($27 million) on revenue of 1.48 billion pesos, up 26.5 percent. It operates 277 e-Games cafes in the Philippines as well as lottery businesses in Timor, Cambodia and Guam.