Just in the nick of time.
Philippines-based gaming technology provider PhilWeb Corporation gets a lease – albeit a short one – of life after the Philippine Amusement and Gaming Corporation (PAGCOR) has granted its request to extend its operation license in the island nation on Monday.
The renewal of Philweb’s license, which expired also on Monday, came more than a week after PAGCOR Acting Chairperson Andrea Domingo announced a freeze on the issuance of new licenses. The freeze was pursuant to the directive of President Rodrigo Duterte to stop the proliferation of online gambling in the country.
In her July 8 letter addressed to Philweb President Dennis Valdez, Domingo pointed out that the new license issued to the gaming technology provider will only be until August 10, 2016.