Dennis Valdes

    Company: Alphaland Corporation

    Mr. Dennis O. Valdes has been the President at Philweb Corp. since July 28, 2006 and serves as its Corporate Information Officer.Mr. Valdes served as Treasurer of Alphaland Corporation since November 11, 2009. He has served as at Atok-Big Wedge Co. Inc. since December 11, 2009 and also served as its Chief Financial Officer.He served in various capacities for the Inquirer Group of Companies from 1996 to 2006, as a Founding President of Inq7 Interactive, Inc. and President of Inquirer Publications, Inc. He served for the Print Town Group of companies, as an Executive Vice President and President of Lexmedia Digital Corp., and Founding President of Newspaper Paraphernalia, Inc. He served as Executive Vice President of FEP Printing Corp. Mr. Valdes has been a Director of Philweb Corp. since July 2006 and Atok-Big Wedge Co. Inc. since November 12, 2009. Mr. Valdes has been a Director of Alphaland Corporation since November 11, 2009. He serves as a Director of NutraSweet Phils., Inc. and Malayan Bank. He served as a Director of Phil. Daily Inquirer, Inc. Mr. Valdes served as a Director of ISM Communications Corp. from May 2007 to December 2013. Mr. Valdes is a Certified Public Accountant, graduated magna cum laude in Business Administration and Accountancy from the University of the Philippines and has an MBA degree from the Kellogg School of Management, Northwestern University.

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    Dennis Valdes

    Interview with Dennis Valdes: Small is beautiful in Philippines igaming [video]

    Dennis Valdes, former head of igaming company Philweb and now president of property developer Alphaland talks with AGB managing editor Sharon Singleton. He reflects on the development of the Philippine market and current state-of-play.

    Philweb elects new president, effective Feb 1

    Philweb Corporation president Dennis Valdes is stepping down from his role as president, and moving to Alphaland Corporation, a real estate firm chaired by Robert Ongpin.  In his place, the company has elected Brian K. Ng to the post of president, effective Feb 1, 2020. Mr. Ng is currently senior vice president for Gaming, a […]
    Philweb e-gaming cafe

    Philweb Q3 EBITDA best in three years

    PhilWeb Corp. said it had its best quarterly performance in EBITDA terms in three years in Q3, helped by its network of e-bingo machines.

    PhilWeb open to providing services to offshore gaming companies

    Philippines e-games operator PhilWeb says it is not interested in operating as a POGO licensee, but said it is “not opposed” to providing its services to offshore gaming companies. The comments were made by PhilWeb president Dennis Valdes on Monday, according to a report from ABS-CBN. “We are not opposed to being a service provider […]

    PhilWeb 18H1 revenue up 165 percent

    E-Games operator PhilWeb reported a 165 percent increase in revenue for the first half of 2018, due mainly to an increase in PhilWeb EGM outlets, and the launch of new suite of games. Such revenue reached P172.6 million (US$3.2 million) in the period. Dennis Valdes, president of PhilWeb said revenue increases were primarily due to […]

    Philweb fights to regain lost ground

    Almost two years after losing its license in a spat with Philippine President Rodrigo Duterte, gaming technology company PhilWeb Corp is on a charm offensive to win back lost business with improved content and services. “I hope you will support us,” PhilWeb President Dennis Valdes said as he recently shook the hand of Pastor Albano […]

    Prospects bright for eGaming operators

    The Philippines eGames industry is expected to grow significantly in the years ahead, with expansion likely to be seen in floor space, rather than in venue numbers, said a panel of experts at ASEAN Gaming Summit. Dennis Valdes, CEO of PhilWeb, estimated that there are currently about 300 eBingo sites around the nation and a […]
    Philweb e-gaming cafe

    PhilWeb back in the e-games business

    Philippines-listed PhilWeb Corp. will be able to operate again after receiving the green light from the Philippine Amusement and Gaming Corp. (Pagcor) to become a service provider, Philstar reports. The company was forced to shut down last year after its license expired on August 10, 2016. However, after months of appeal, PhilWeb has been given […]

    Philweb plans to acquire Pagcor e-Game cafes

    Philippines-listed Philweb Corp. is planning to acquire 15 PAGCOR e-Games Stations using a total of 7.5 million company shares as payment. According to a filing to the Philippine Stock Exchange on Wednesday, the operator noted the shares used in the transaction are part of the 354.6 million shares currently in treasury which the Company bought […]

    Philweb swings to P206.1m loss

    Philweb Corp, an operator of e-gaming cafes in the Philippines, reported a net loss of P5.4 million (US$109,700) in 16Q3, down from a net profit of P206.1 million in the prior year period. The company made headlines in August after news broke of the Philippine gaming regulator’s decision not to renew Philweb’s license to operate […]
    Pagcor office

    Philweb formally applies for license renewal

    Philippines-listed Philweb Corp says it has applied for a renewal of its license to operate e-Games cafes, with its executives reportedly meeting with Pagcor officials on Wednesday. According to a filing to the Philippine Stock Exchange, Philweb’s new chairman Gregorio “Greggy” Ma. Araneta III and PhilWeb president Dennis Valdes formally submitted a license renewal application […]

    76 firms compete for Pagcor offshore gambling licenses

    The Philippines gaming regulator has received interest from 76 companies for its offshore gaming licenses, with contracts to be awarded starting this month, local media reports. Pagcor is said have received 76 applications since rolling out its offshore license offering, according to its chairman and chief executive officer Andrea D. Domingo on Monday to the […]

    Philweb appeals to SEC

    Philweb Corp has appealed to the Securities and Exchange Commission (SEC) to allow the block sale of Roberto Ongpin’s stake to Gregorio Ma. Araneta III ahead of the mandatory tender offering to minority shareholders, the Inquirer reports. In a statement, Philweb president Dennis Valdes said he believes the SEC should allow the block sale of […]

    Pagcor rejects Philweb text lottery proposal

    Philippines state-owned gaming regulator Pagcor has officially rejected Philweb’s proposal to roll out text-lottery, local media reports. According to the Inquirer, in a letter dated on September 20 to Philweb, Pagcor chair Andrea Domingo said that after a review of the recommendations of “pertinent departments and deliberations of the board”, it was decided that the […]

    Ongpin hires KPMG for share sale, new chairman appointed

    Businessman Roberto Ongpin has reportedly hired RG Manabat & Co., the local arm of global professional services firm KPMG, as the investment advisor for the sale of his 53.76 percent share in Philweb Corp, local media reports. “Among the considerations which I took into account in appointing KPMG is that they are the auditors of […]

    Gaming firms eye Pagcor offshore gaming licenses

    Several gaming firms are looking into obtaining the new offshore gaming licenses being pitched by state-owned Philippine Amusement and Gaming Corp. (Pagcor), local media reports. One such firm is embattled Philweb Corp. “We are studying it at the moment,” Philweb president Dennis Valdes said to Philippines news outlet, The Inquirer on Thursday. According to The […]

    Philweb seeking to revive text lottery proposal

    Philweb is reportedly seeking to revive a text / SMS lottery proposal after several failed attempts to renew the firm’s online gaming services, local media reports. According to the Manila Bulletin, in a letter to Pagcor Board of Governors, PhilWeb president Dennis Valdes said he is trying to “exhaust all effort in trying to maintain […]

    PhilWeb to begin winding down operations today

    After the Philippine Amusement and Gaming Corp. (Pagcor) announced on Tuesday that it would not be renewing its contract with PhilWeb Corp. to operate its online casinos, PhilWeb president Dennis Valdes has said that a “winding down” of operations will start today, Wednesday 10 August. Valdes said the company “will try to avoid” cutting its […]

    Breaking: PhilWeb license won’t be renewed: Domingo

    New Pagcor chief, Andrea Domingo, has announced that PhilWeb’s license will not be renewed. Shares in the company have plummeted to a 52-week low. Philweb’s president, Dennis Valdes, had said at the weekend in an interview with The Star that closing the company down would have a huge economic and social cost, with up to […]

    Philweb gets one-month extension

    Philippine-based Philweb has been granted a one-month extension by the Philippine Amusement and Gaming Corporation (Pagcor) to continue to operate e-Games cafes across the country. The extension was confirmed by a letter from the gaming regulator on Monday. The company’s current license was due to expire on July 11, 2016. The letter, dated on July […]

    PhilWeb reports 3.8 percent dip in net income, remains bullish about 2016

    Philippines-based PhilWeb Corp. reported a 3.8 percent dip in net income to PHP870 million (US$18.6 million) from PHP904 million in 2014, but still remained positive for 2016, according to a filing to the Philippine Stock Exchange. “I am bullish about the coming year,” said PhilWeb president Dennis Valdes, citing its partnership with the Philippine Amusement […]