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PhilWeb eyes Asian expansion as Q1 revenues grow

24th May 2011 9:34 am GMT

With plans to expand its gaming operations across the Asia-Pacific region this year, the Philippines' PhilWeb Corporation has reported a 15 per cent increase in revenues to P273.8m (€4.5m) for the first quarter of 2011.

In a filing to the Philippine Stock Exchange last week, PhilWeb said that the revenue growth was a result of an increase in the number of PAGCOR e-Games Cafes (PEGS Cafes), high volumes of bet transactions and a high winning percentage [...]

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