Philippine-listed game technology provider PhilWeb Corp. president Dennis Valdes has painted a rosy picture for next year as the company waits for Philippine Amusement and Gaming Corporation’s (PAGCOR) go-signal to operate.

The Philippine Daily Inquirer reported that Valdes is seeing a reversal of PhilWeb’s fortune by next year now that PAGCOR has already issued a provisional certificate of accreditation for the company to be an electronic gaming system (EGS) provider.

As an EGS provider, PhilWeb may be able to offer software and other services to operators of Pagcor-licensed gaming sites. Valdes said they are now waiting for PAGCOR’s notice to operate.

During the company’s annual stockholders meeting on Wednesday, Valdes assured investors that the company is “moving towards renewal” and that PhilWeb is “here for a fresh start.”