By The Weekly Edge desk ·
Asia Gaming Brief reported that PhilWeb’s second-quarter revenue rose 96% to $5.76m, with profit of $769,000. Its digital gaming solutions business contributed 57% of revenue and offset weaker venue operations.
Digital gaming solutions helped PhilWeb offset weaker venue operations and return to quarterly profit.
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PhilWeb and PhilWeb Capital commit nearly PHP4.23bn to JKS Tech Solutions, a regulator-accredited gaming systems provider.
The US$67.4m agreement connects PhilWeb and JKS Tech Solutions through a series of cross-investment transactions.
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The launch extends Newport World Resorts’ casino offering onto mobile devices.
B2B online gaming growth accompanied PhilWeb’s return to quarterly profit.
A broader revenue mix helped offset reduced VIP gaming activity.