Philippine regulator unlikely to reverse PhilWeb Corporation decision_1
Hopes of salvaging the future of Philippine “online” games developer PhilWeb Corporation seem to be at an end after the nation’s regulator revealed that it was not likely to reconsider an earlier decision not to renew the firm’s now-expired license.
According to a report from the local ABS-CBN television network, the Philippine Amusement And Gaming Corporation decided last week following pressure from newly-elected president Rodigo Duterte not to renew PhilWeb Corporation’s license to offer software to online casinos.
As a result, hundreds of e-Games gaming cafes utilizing systems from PhilWeb Corporation have been forced to close despite a last-ditch meeting between the company’s chief, Dennis Valdes, and Andrea Domingo, chairperson for the Philippine A…