Businessman Lance Gokongwei is set to make a personal PHP2 billion ($32.5 million) investment in listed Philippine gaming technology firm PhilWeb Corp., InsiderPH reported, citing sources familiar with the matter.
The transaction is expected to be announced on Wednesday, June 24th, 2026, and will be made by Gokongwei in his personal capacity. It will not be carried out through JG Summit Holdings or any publicly listed company within the Gokongwei group, according to the report.
Sources said the commitment will be split between a 10 percent stake in PhilWeb common shares and a 5 percent stake in convertible preferred shares.
The investment comes as PhilWeb continues its transformation under new ownership. The company has repositioned itself as a technology provider to the regulated online gaming industry, following a management-led buyout that shifted control from Gregorio Araneta Inc. to executives led by president Brian Ng and chair Crisanto Roy Alcid.
PhilWeb shares have risen more than 760 percent over the past year, according to InsiderPH.
The company has signed agreements with operators including Hann Casino Resort, FBM Philippines and Okada’s online gaming platform.
PhilWeb returned to profitability in the first quarter of 2026, posting net income of PHP13.9 million ($226,000), as revenues rose 30 percent and online gaming solutions became a meaningful contributor to the business.
