PhilWeb eyes Indonesian and Thai borders


PhilWeb Corp. reported that net profits rose 10 percent in the first quarter from a year earlier to 266.2 million pesos ($ ) as revenues rose 8 percent to 369.8 million pesos. The number of gaming terminals installed in the e-Games Cafes operated by Philippine Amusement and Gaming Corp. rose 31.4 percent while gross bets in the 15 e-Games Cafes PhilWeb operates itself rose 15.7 percent to 5 billion pesos. The company said it is ramping up loyalty programs for the e-Games Cafes and shifting them from an internet cafe setting to a ‘more casino-like environment’. The company will open its first overseas e-Games Cafe next month in Dili, East Timor with 86 terminals, including the first designed and developed by PhilWeb. The company plans to open more cafes along the Indonesian border and is introducing higher value lottery scratch cards and an instant mobile raffle game in East Timor. It is also pursuing a license to open e-Games Cafes in Laos, with a plan to open locations along the Thai border.