Pagcor taps Philweb for Internet gaming project

Listed information technology firm Philweb Corp. has secured the approval of the Philippine Amusement and Gaming Corp. (Pagcor) to operate the latter’s Internet based casino and sports betting games.

Pagcor had earlier tapped Philweb as technical consultant and service provider in developing an online sports betting website which would allow bets on basketball games played in the US and the Philippines.

Philweb, an affiliate of Canada-based Advanced Games Corp., has been preparing for its shift to Internet-based gaming activities since 2002.

The shift was made to take advantage of the robust growth of the Internet-based gaming industry, which was projected to grow to $10 billion in the next five years.

Advanced Games is an internationally recognized pioneer in the development and licensing of gaming-related software and applications.

Two years ago, Philweb was appointed the exclusive partner of Next Generation Inc., an Antigua-based gaming company specializing in sports-based Internet, including NBA basketball games, European football, and other international sports betting.

To allow it to focus on Internet sports betting and gaming which are now its core businesses, Philweb has agreed to integrate its Internet service provider (ISP) products and services with those offered by Singapore-registered Edsamail Holdings Pte. Ltd.

Philweb and Edsamail also agreed to form a strategic partnership under which Edsamail will handle all consumer product sales and marketing. Philweb, meanwhile, will continue to collaborate with Edsamail in the marketing of all connectivity requirements of Philweb’s clients and partners regarding Internet sports betting and gaming.

Philweb is the leading integrated Internet company in the Philippines with a first mover advantage in its listing with the Philippine Stock Exchange. It creates business opportunities in the entire Internet value chain.

The company provides access, business solutions, e-commerce platforms, distribution services for Internet appliances and software and invests in promising Internet start-up ventures.