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 Philippine Stock Exchange on Thursday, PhilWeb announced that it has acquired an eGames parlor in Bulacan, owned by Lucky Winner Bingo and Gaming Corp. The acquisition had been made through its subsidiary, BigGame Inc.

PhilWeb paid Lucky Winner Bingo with 552,050 common shares worth PHP5.44 (US$0.10) each.

The Manila-based firm has been playing catch-up with its local competitors after the Philippine Amusement and Gaming Corporation (PAGCOR) granted itsrequest to resume operations in the fourth quarter of 2017.