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PHILWEB SELLS GERMAN INTEREST
03rd January, 2017 at 12:45:04
To provide fiscal operational support as it awaits news of license bid from PAGCOR.
PhilWeb Corporation has sold its Acentic GmbH business to Lantic Holding GmbH for a $750,000 consideration as it has fights to stay operational in the Philippines.
In a Philippines stock exchange disclosure, PhilWeb said it had also collected full settlement of its loan receivables totaling Euro 1,973,250.
In total, P140 million was raised to provide fiscal support as the embattled company awaits news from the Philippine Amusement and Gaming Corporation (PAGCOR) on whether it has won a bid for the renewal of its license.
Related News Tags: Philippines, Germany
SEARCH FOR UNITY IN PHILIPPINES ONLINE GAMBLING
23rd March, 2017 at 09:52:25
CEZA Administrator Jose Mari Ponce suggests a meeting on fees and taxes with Pagcor and the Aurora Pacific Economic Zone.
PAGCOR SET TO ISSUE MORE POGO LICENSES?
22nd March, 2017 at 07:30:45
Chief exec says personnel and systems are now ready for expansion.
INDONESIAN ONLINE GAMBLING BUST
21st March, 2017 at 14:44:19
Nets three suspects.
ENERGYCASINO TAKE ON LIVE DEALER SOLUTION FROM EVOLUTION GAMING
20th March, 2017 at 15:15:56
Expanded live casino offer for UK market.
SECOND GERMAN STATE TREATY ON GAMBLING APPROVED BY BUNDESTAG
17th March, 2017 at 14:21:15
Lower house rejects European Commission opinion that latest gambling reform proposals are not viable.