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PhilWeb share slump continues despite PAGCOR contract extension

11th July 2016 12:19 pm GMT
Philippines Flag

Philippines-based gaming technology provider PhilWeb has been granted a one-month extension by the state-controlled Philippine Amusement and Gaming Corp (PAGCOR) to continue to operate e-Games cafes across the country.

PhilWeb had requested that its Intellectual Property License and Management Agreement (IPLMA) with PAGCOR, due to expire today (July 11th), be extended on a month-to-month basis or other short term basis until President Rodrigo Duterte’s directive regarding online gambling was clarified.

In a [...]

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