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PhilWeb Corp. expects 2010 to be a bumper year. The local high flyer online gambling corporation provides the technology for the Philippine Amusement and Gaming Corp, operates Pagcor's e-Games café system and also has various online sports betting concerns. In a positive statement to start the year, PhilWeb announced they expect to earn a remarkable P1 billion in earnings throughout 2010. 2009 Expansion Pays Off 2009 saw PhilWeb's income boom a staggering 89% from the previous year, mainly due to gaming operations which grew an incredible 126%. PhilWeb opened 50 new Pagcore e-Games cafes in 2009 as well as a new Bid Wars mobile game. The e-Games cafes started out in 2006 and cater for locals who want to play a variety of online card games, video poker and slots in a comfortable and friendly atmosphere. The Pagcore computers currently offer players 130 games and are proving a popular venue for Philippinos. Local Economy Boost "We had an excellent 2009 but are even more excited about our prospects in 2010," PhilWeb president Dennis Valdes said in his statement. Having made astute investments in 2009 and with 2010 seeing the domestic economy beginning to recover, it is great to see a local company enjoying the fruits of their labor and themselves providing a local boost to the economy.
The Philippines is indeed a unique case amongst the restricted online gambling countries. While online gambling operations are legally inaccessible to private operators, the state-run operator PAGCOR is given carte blanche to provide online games. PAGCOR delivers time and again Increasing discontent among players in the Philippines about the rather limited online gambling variety currently available has finally struck a chord. Now PAGCOR has announced plans to roll out a series of new online gambling games with a brand new portal E-Games Online. The newly completed site is the brainchild of PhilSeb Homeplay Inc - a Philippines-owned company. Indeed the state-run monopoly on online gaming is held by PAGCOR. Now it appears that PAGCOR is seeking to expand its product range to its legally admissible public. Many online casinos, but not for locals Pundits would be forgiven for assuming that players from the Philippines have access to many online casino sites. Indeed there are many sites but locals are prohibited by law from accessing them. Their purpose is only to serve foreign markets. PhilWeb sports a large network of electronic gambling cafes across the Philippines. While Filipinos are allowed to access offshore online gaming sites, they are prevented from accessing local online gambling sites. The move by PAGCOR to host E-Games Online is a bold attempt to lure back domestic traffic. Local appeal of E-Games Online E-Games Online appeals to Filipino players because it accepts local credit cards and has offices located throughout the country where deposits can be made. But players are curious about foreign operators since there is a whole world of gaming variety beyond the borders of the Philippines.
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