The sound of phones ringing incessantly inside the Philippine Stock Exchange drown the silent gasp of traders as they watch the share price of gaming technology provider PhilWeb Corp. take a nose dive on August 3.

PhilWeb, which has been managing the eGames network of Philippine Amusement and Gaming Corporation for the past 14 years, operates a network of 268 eGames cafes with a total of 8,839 gaming terminals nationwide.

It remits PHP14billion ($298 million) to the agency for its share of the revenue from the operations, according to the company.

But things came to an end on that day for PhilWeb chairman Roberto Ongpin after Duterte singled him as an oligarch embedded in government that must be destroyed.