Philippine gaming regulators have confirmed the re-accreditation of electronic games provider PhilWeb Corp, but the company’s rebirth will have to wait a while longer yet.

On Monday, PhilWeb informed the Philippine Stock Exchange that it had received a Certificate of Accreditation from the Philippine Amusement and Gaming Corporation (PAGCOR) as an Electronic Gaming System Service Provider of PAGCOR-licensed gaming sites for electronic games.

PhilWeb was a major player in the Philippines land-based eGames market until last year, when former chairman Roberto Ongpin earned the ire of Philippine President Rodrigo Duterte. PAGCOR subsequently declined to renew PhilWeb’s license and it was forced to wind up its operations.

In the hopes of salvaging the business, Ongpin sold his majority stake in PhilWeb to Gregorio Araneta III at P2.60 per share, barely 10% of their pre-crisis peak. The company then began the painful process of rebuilding its decimated business, including purchasing some PAGCOR eGames sites.