PhilWeb Expands Online B2B Gaming Strategy
PhilWeb Corp is continuing its transition towards an online-focused, business-to-business model as it looks to capitalise on rising demand for digital gaming services. President Brian Ng said the shift is already showing results, particularly among larger institutional clients.
The company, previously known for its network of electronic gaming venues across the Philippines, is now placing greater emphasis on delivering online solutions to third parties, including casino operators. Its earlier land-based model relied heavily on partner-operated eGames outlets, which at their peak in 2016 reached approximately 270 locations. This structure is now being adapted to the online space, where PhilWeb manages consumer-facing platforms on behalf of its partners.
Ng noted that the company has accelerated its digital strategy following the arrival of new investors, enabling it to expand its service offering. These now include platform infrastructure, systems integration, content distribution, as well as optional marketing and operational support depending on client needs.
The strategic repositioning follows a significant ownership change completed in March, when PhilWeb finalised a management-led buyout with new local investors. Gregorio Araneta Inc exited the business after agreeing to sell its full stake for PHP1.80 billion ($29.5 million). The shares were acquired by Nexora Holdings Inc and Velora Holdings Inc.
Gregorio Araneta Inc, controlled by Gregorio Araneta III, had taken ownership of PhilWeb in 2016. Ng said the change in ownership reflects a shift in direction, as gaming was not a core focus for the previous stakeholder. He added that the transition has also simplified due diligence processes for international partners, particularly regarding politically exposed persons.
PhilWeb’s online eGaming division, which includes platform services, integration, content supply and operational support, has become a key contributor to revenue. For the first quarter of 2026, the company reported total revenue of PHP233.1 million, representing a 30.4% increase year-on-year. The online segment accounted for PHP79.3 million, or roughly 34% of total revenue.
In a filing to the Philippine Stock Exchange, the company stated that the growth of its online operations has supported improved margins and is expected to contribute to ongoing profitability and financial stability.
Ng said PhilWeb has strengthened its market position by targeting institutional clients such as integrated resort operators, leveraging its industry experience. He noted that some operators have faced challenges by attempting to directly translate land-based models into the online environment.
The company has recently formed partnerships with Newport World Resorts, Okada Manila, Hann Resorts and FBM Philippines. It has also entered the content aggregation space, with initial rollouts involving PT Gaming and NUSTAR Online.
According to Ng, service offerings are tailored to the requirements of each client. For integrated resorts, online gaming is being developed as a standalone vertical that can operate independently from physical casino floors. He added that discussions are ongoing with additional potential partners.
PhilWeb is also exploring exclusivity agreements with selected content providers to strengthen its portfolio. Alongside these developments, the company has proposed increasing its authorised capital stock from PHP2.60 billion to PHP9.00 billion, comprising 6.00 billion common shares and 3.00 billion preferred shares.
