PhilWeb

PhilWeb
Public (PSE: WEB)
Industry Casino
Founder Roberto Ongpin
Headquarters Makati, Metro Manila, Philippines
Area served
 Asia-Pacific
Key people
 Gregorio Maria Araneta III (Chairman)[1]
Number of employees
 5,000 (2016)[2]
Website www.philweb.com.ph

The PhilWeb Corporation is a Philippine internet company involved in the gaming industry. It suspended operations in August 10, 2016 following the non-renewal of license to operate with PAGCOR. It has operated the e-Games casino outlets.[2]

PhilWeb was founded by Roberto Ongpin and incorporated in August 20, 1969 as South Seas Oil and Mineral Exploration Co. Inc.[3] It was initially involved in mining and resource exploration. The name of the company changed to South Seas Natural Resources through an authorization by stockholders on March 29, 1984, a move approved by the Security Exchange Commission.[4]

South Seas Natural Resources' name was changed to PhilWeb.Com, Inc. in January 18, 2000 becoming an internet company. On the same date the mining claims and assets of the company was transferred to its subsidiary, All-Acacia Resources, Inc. Its name was then again changed on May 31, 2002 to its present name, PhilWeb Corporation by the company's stockholders.[4]

References

  1. ↑ "Araneta named Philweb president". Philippine Daily Inquirer. 20 September 2016. Retrieved 20 September 2016.
  2. 1 2 Cabuenas, Jon Viktor (10 August 2016). "With Ongpin out, PhilWeb hoping to get back PAGCOR license". GMA News. Retrieved 10 August 2016.
  3. ↑ "Philweb Corp.". Wall Street Journal. Retrieved 11 August 2016.
  4. 1 2 "History". PhilWeb Corporation. Retrieved 10 August 2016.
This article is issued from Wikipedia - version of the 9/20/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.