PhilWeb unit acquires another PAGCOR e-games site | ABS-CBN

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PhilWeb unit acquires another PAGCOR e-games site

PhilWeb unit acquires another PAGCOR e-games site

ABS-CBN News

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MANILA - PhilWeb Corp said Monday it acquired another e-games site of the Philippine Amusement and Gaming Corp, the third such transaction in as many months.

The company told the stock exchange that its unit, BigGame Inc, gave I-3 Gamers Inc 225,000 PhilWeb shares in exchange for the e-games site in Cagayan de Oro City.

Last July 20, PhilWeb said Big Game acquired another e-games site in Lapu-Lapu City, a month after buying a similar business in Mandaue City.

PAGCOR Chairperson Andrea Domingo last month said PhilWeb could resume its business by the end of the year as long as it changes the way it operates.

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PhilWeb shares were down 1.29 percent to P9.20 in early trading on Monday.

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