br>PhilWeb to close e-Games outlets despite Ongpin resignation (UPDATED) PhilWeb seeks a 10-day trading suspension after PAGCOR junked its appeal to renew its license, which is set to expire on.
MANILA - PhilWeb Corp said Thursday it acquired a Philippine Amusement and Gaming Corp electronic gaming site in Lapu-Lapu City. The company said its subsidiary, Big Game Inc, acquired the facility from businesswoman Amparo Umali by giving her 835,400 shares at P10.50 per share.
An IPO investor in Philweb (PHS:WEB) would probably not have been satisfied in his returns if he had held onto his shares for the past 16 years. According to the graph above, Philweb had joined.
Failon Ngayon: Online Gaming Businessbr>PHILWEB Corporation on Monday said its subsidiary BigGame, Inc. has acquired a Philippine Amusement and Gaming Corporation (PAGCOR) e-Games site in Cagayan de Oro City. In a disclosure to the Philippine Stock Exchange (PSE), PhilWeb said it bought the e-Games site from I-3 Gamers, Inc. in exchange.
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PhilWeb Corp. will acquire additional e-Games stations from existing operators, hopeful the Philippine Amusement and Gaming Corp. (Pagcor) will renew its license soon.
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Philweb Philippines: A Company in Trouble Philweb egames
Philippine gaming parlour operator PhilWeb Corp has acquired an e-Games venue near Manila for a consideration equal to PHP3 million (US$56,122), PhilWeb told the country’s Stock Exchange. The PhilWeb subsidiary BigGame Inc, acquired the e-Games site in Calumpit in the province of Bulacan, from Lucky Winner Bingo and Gaming Corp.
Philweb-PAGCOR business operations. Reviewing Philweb’s most recent annual report from 2014 revealed that Philweb is indeed heavily exposed into the online gambling business. Philweb exemplifies an early adoption of a struggling Philippine mining and explorations company into an integrated technological company.
Ongpin sells PhilWeb shares to Greggy Araneta. Gregorio 'Greggy' Araneta III, son-in-law of the late President Ferdinand Marcos, will be the new chairman of PhilWeb Corporation
PhilWeb acquires PAGCOR e-Games site | ABS-CBN News Philweb egames
Philweb Philippines: A Company in Trouble Philweb egamesIn a disclosure to the Philippine Stock Exchange (PSE), PhilWeb said it bought the e-Games site from I-3 Gamers, Inc. in exchange for 225,000 PhilWeb shares. PhilWeb priced the shares at P9.31 apiece, putting the transaction at P2.09 million. On Monday, shares of PhilWeb closed 8 centavos or 0.86% lower at P9.24 on Monday.
Duterte may reinstate Philweb eGames licenses, roadblocks ahead November 24, 2016 It is being speculated that e-gaming operator PhilWeb Corp. may have its eGaming licenses reinstated under direction from Philippine president Rodrigo Duterte.
Philippine-listed game technology provider PhilWeb Corp. swapped some of its company shares for an eGames café located north of Manila worth PHP3 million (US$56,122). In a disclosure to the.
Philweb egamesAccording to the graph above, Philweb had joined the "tech bubble" incident in the 2000s that had resulted to multitudes of price collapse in the U.
Nadaq sector and eventually rolled out globally.
An interesting question would be, who, among the herd of Filipino retail investors, have held onto his first Philweb shares over this long period of time?
In contrast, a safe assumption would be some number of investors could be well and happy currently if he was able to ride the recent share price appreciation from 2015.
An unexpected surprise This happily inclining market price happening was recently halted by a recent announcement of the Philippines' newly-elected president Rodrigo 'the Punisher' Duterte.
On June 30, the newly-sworn in President Duterte and his newly-installed cabinet members and department secretaries had a closed-door meeting.
View photos The first official Cabinet meeting was held immediately after President Duterte took his oath, CNN Philippines Among discussions related to anti-drug and anti-corruption operations, the Philippine president also shared his distaste to online gambling.
These are the quoted statements from the strong-willed president regarding online gambling: From CNN: "Online gambling must stop.
Mahirap yan puro sugal ang alam," he said It's not good to be read more all the Androidタブレット用無料戦争ゲーム />Accordingly, shares of Philweb Corporation plunged 32% the following day and closed at a loss of 22% from Thursday.
Further, the company filed a 'Voluntary Trading Suspension' from July 4 to 11 a week.
Found philweb egames the visit web page was Philweb's reason for it: "This is to request for an extension of the trading suspension to the end of 8 July 2016 so that PhilWeb Corporation can properly inform the PSE and the investing public as to the results of its PAGCOR meeting immediately after its conclusion.
Nonetheless, this type of event price collapse should normally be an opportunistic time for any long-term investor to probably gather some information and decide to build up a good, long position in Philweb shares.
Philweb-PAGCOR business operations Reviewing Philweb's most recent annual report from 2014 revealed that Philweb is indeed heavily exposed into the online gambling business.
Philweb exemplifies an early adoption of a struggling Philippine mining and explorations company into an philweb egames technological company.
The company is near its 46th year in corporate existence by Aug.
Philweb first received its license for online gaming in 2003 from PAGCOR.
The license allowed the company to launch e-Games philweb egames, which are Internet caf?
Philweb has 305 game stations as of 2014.
As of 2014, Philweb has over 70,000 e-Games members nationwide.
View photos Philweb's https://list-promocode-games.site/1/884.html Caf?
Philweb stated in its 2014 annual report that it had given back 2.
View photos An e-Games station, Big Game Casino Philweb has most of its sales based on its Internet Application Services IAS.
In its annual report, philweb egames company had 87% of its sales from IAS.
Philweb defined IAS as the following: IAS or "Internet Application Services income refers to revenues earned from providing technical, marketing and cash management services for internet gaming operations of PAGCOR, particularly for sports betting and internet casino operations"---The license for business operations of which is what President Duterte wants PAGCOR to revoke.
Other than the PAGCOR-related business, IAS also includes "revenues are the software licensing fees that the Parent Company receives from sports betting," and Philweb's "share in the income of Premyo sa Resibo Program PSR Program.
This line item in its income statement is identified as Commission.
The Commission business segment delivered 13% of Philweb's total sales.
IAS plus Commission 87% + 13% yields 100% of Philweb's sales in 2014.
According to the company, its Here income comes "from the operation of PAGCOR eGames stations PeGS is computed based on agreed percentage of gross winnings from PeGS' operations.
Cash, debt and book value Philweb has 210 million PhP cash in fiscal year 2015.
The company has a total debt of 200 million Php, and had a book value of デリーncrのカジノ million PhP.
With total shareholder equity of 897 million PhP, the company has a debt-to-equity ratio of 0.
Cash flow Philweb had paid out 704 million PhP to its shareholders in 2015, while spending 49 million PhP for its business maintenance and assets capital expenditures.
The company also reduced its debt by 500 million PhP.
Altogether, the company had a remaining free cash flow of 1 billion PhP - plenty for dividends and share repurchases.
Valuations One week into Philweb's request of halting its shares being traded, the company has maintained a total market capitalization of 27 billion PhP.
According to Bloomberg data, this gives the company a trailing-12 months PE ratio of 26 times and PS ratio of 13 times.
Interestingly, Philweb still traded at a premium despite its recent 22% price collapse in the first week of July.
Conclusion Given the uncertainty brought by the new Philippine administration, the threat to Click to see more core business is palpable.
Should investors hurry and sell their shares or hold onto them remains to be seen by market open.
Certainly, serious consideration should be pondered upon prior to buying Philweb's shares.
Disclosure: I do not have shares in Philweb Philippines.
This article first appeared philweb egames.
PAGCOR shows CCTV footage on how PH casinos were cheated out of millions of pesos
Philweb Philippines: A Company in Trouble Philweb egames
Philweb Philippines: A Company in Trouble Philweb egamesPhilWeb swaps shares for eGames bistros, bingo stationIn an exposure to the Philippine Stock Exchange, PhilWeb reported that it obtained an eGames bistro of the Philippine Amusement and Gaming Corporation and a PAGCOR Bingo Game station in Cainta, Rizal, through PhilWeb auxiliaries BigGame, Inc. what's more, Easy E-Bingo, Inc.
Makati—()—PhilWeb Corp. (PSE: WEB), thru its subsidiary BigGame Inc., has acquired 100% ownership of a PAGCOR e-Games site in Mandaue City from Noel C. Basubas by giving the latter 150,000 PhilWeb common shares, at a price of PhP11.00 per share, for his 49% ownership in said site.
Philweb is hiring of the following: 3 SIte Supervisor for eGames (Manila & Cebu) 1 Marketing Supervisor (Cebu) 1 BGI Operations Assistant Manager (Cebu) 4 Analyst Programmer/Web Developer (Manila.