PhilWeb Corporation - updates

Rappler's latest stories on PhilWeb Corporation


Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy s Phoenix Petroleum increased about 92 from July last year while Ongpin associated Philweb s stock price fell 46 3

FIREBRAND. Though President Rodrigo Duterte has for the most part left businessmen on their own, his tirades against select businessmen have brought about  tremors at the Philippine Stock Exchange.

PhilWeb's new chief Araneta asks Pagcor to renew license

Oct 12, 2016 - 8:05 PM

This comes after embattled businessman Roberto Ongpin sold his entire 53 76 stake in PhilWeb to Gregorio Greggy Ma Araneta III for a discounted price of P2 60 per share

EXHAUSTING ALL MEANS. PhilWeb has been exhausting all means for Philippine Amusement and Gaming Corporation (PAGCOR) to renew its license to operate e-Games cafes.

Businessmen for Duterte, Dick Gordon, Nobel Prize | 6PM wRap

Oct 05, 2016 - 11:48 PM

Watch the 6PM wRap with Paterno Esmaquel

Ongpin sells PhilWeb shares to Greggy Araneta

Oct 05, 2016 - 7:33 PM

Gregorio Greggy Araneta III son in law of the late President Ferdinand Marcos will be the new chairman of PhilWeb Corporation

RENEW. With the divestment of Ongpin, the new management of PhilWeb will apply anew for the renewal of its license with PAGCOR to operate eGames cafes

Ongpin renews auction of his PhilWeb shares

Sep 05, 2016 - 3:07 PM

The businessman says he will donate P1 billion of the proceeds to the government s drug rehabilitation program

'FIRM BELIEVER.' 'I am a firm believer in the President's drive against the drug menace,' says embattled Roberto Ongpin. Photo by Chrisee Dela Paz/Rappler

Uncertainty hounds online gaming in the Philippines

Aug 26, 2016 - 8:30 AM

Share prices of PhilWeb and Leisure Resorts jump by 50 after President Rodrigo Duterte mulls resumption of online gaming

UP IN THE AIR. 'There will be no renewal of e-gaming licenses. We found out that over 100 outlets were in violation of distance requirements,' PAGCOR's Domingo tells senators. Photo by Chrisee Dela Paz/Rappler

PhilWeb plans to revive mobile lotto gaming

Aug 24, 2016 - 8:10 PM

After not renewing PhilWeb s online gaming license PAGCOR will look into the firm s mobile lottery proposal and review its terms

FIGHT VS ONLINE GAMING. The fight against online gaming comes after President Duterte publicly named Ongpin (L) as one of the oligarchs he wants to destroy. Domingo's photo (R) from PAGCOR website

Ongpin offers PAGCOR his P20B PhilWeb shares for drug rehab

Aug 21, 2016 - 8:02 AM

In an amended proposal to PAGCOR Ongpin says – for the 3rd time – that this is his last attempt to save PhilWeb Corporation and its employees

'FIRM BELIEVER.' 'I am a firm believer in the President [Rodrigo Duterte]'s drive against the drug menace,' embattled Roberto Ongpin says. Photo by Chrisee Dela Paz/Rappler

PAGCOR rejects Ongpin's offer to donate PhilWeb shares

Aug 18, 2016 - 3:40 PM

UPDATED PAGCOR chief Andrea Domingo says President Rodrigo Duterte is against online and onsite gaming because these bring social ills

A FIGHT AGAINST ONLINE GAMING. Domingo's (R) response comes a day after Ongpin (L) offered to donate 49% of his entire 53.76% stake in PhilWeb to PAGCOR. Domingo's photo from PAGCOR website

Ongpin offers to donate bulk of his PhilWeb shares to PAGCOR

Aug 17, 2016 - 4:45 PM

Businessman Roberto Ongpin also plans to donate the remaining 4 76 to the Ateneo de Manila University JVO Scholarship Fund

MOOT AND ACADEMIC. Ongpin tells PAGCOR that he will no longer sell his PhilWeb shares through public bidding, declaring it as 'moot and academic.' Photo by Chrisee Dela Paz/Rappler

Ongpin to sell his entire 53.76% stake in PhilWeb

Aug 10, 2016 - 6:15 PM

UPDATED This is his last attempt to save the firm after PAGCOR firms up its decision not to renew PhilWeb s contract

LAST ATTEMPT. In his last effort to save the firm, Roberto Ongpin sells entire stake in PhilWeb. Photo by Chrisee Dela Paz/Rappler

PhilWeb to close e-Games outlets despite Ongpin resignation

Aug 09, 2016 - 7:37 PM

UPDATED PhilWeb seeks a 10 day trading suspension after PAGCOR junked its appeal to renew its license which is set to expire on Wednesday August 10

POOR INVESTOR SENTIMENT. A day after PAGCOR said it won't renew its contract, PhilWeb shares plunged to their lowest level on the local bourse.

PhilWeb reveals 'main reason' behind Ongpin resignation

Aug 07, 2016 - 10:25 PM

Roberto Ongpin tells the local bourse he resigned to focus on Alphaland real estate projects but PhilWeb president Dennis Valdes says it s more than that

POOR INVESTOR SENTIMENT. A day after Duterte tagged Ongpin as one of the oligarchs he want to destroy, shares of PhilWeb plunged to its lowest level on the local bourse

Roberto Ongpin resigns as PhilWeb chairman

Aug 04, 2016 - 4:55 PM

UPDATED His resignation comes on the heels of President Rodrigo Duterte s pronouncements to do away with oligarchs like Ongpin

TYCOON. President Rodrigo Duterte says he wants to 'destroy oligarchs' and names tycoon Roberto Ongpin as one of them. Photo by Mark Cristino/Rappler

Ongpin's PhilWeb seeks 3-day trading suspension

Jul 04, 2016 - 5:56 PM

Share price of PhilWeb on Friday July 1 fell by as much as 22 13 on reports that President Rodrigo Duterte wants to stop online gambling

IN DANGER. The steep decline in PhilWeb's stock price would affect the company's plan to raise P6 billion through treasury shares sale. Photo by Aya Lowe/Rappler

Ongpin's PhilWeb to raise P6B for aggressive expansion

Jun 01, 2016 - 7:00 PM

Meanwhile Ongpin s property unit Alphaland says it is in talks with 3 foreign investors

7-11 OF GAMING. PhilWeb does not see Resorts World and Solaire as a threat. Photo by Aya Lowe/Rappler