Philippine-listed technology provider PhilWeb Corporation continues to gobble up Philippine Amusement and Gaming Corporation (PAGCOR) eGames sites in the country despite the state regulator’s position against these gaming parlors.
In Monday’s regulatory filing, PhilWeb informed the Philippine Stock Exchange that the company, through its subsidiary BigGame, Inc. purchased e-Games sites 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.
This is the fourth time that PhilWeb acquired PAGCOR eGames parlors as it awaits the nod of the state regulator for it to be able to operate again.