New PhilWeb chair eyes PAGCOR license before 2016 ends

There’s only a bit of waiting left before embattled gaming technology provider PhilWeb can resume its operations, according to businessman Gregorio Araneta.

Araneta, who is the new chairman of PhilWeb, told Manila-based reporters over the weekend that securing a permit from state regulator Philippine Amusement and Gaming Corp. (PAGCOR) is “already in progress,” with the process expected to be completed before the end of 2016.

And once the license is in their hands, Araneta said PhilWeb will immediately open its e-Games outlets so that the company’s 5,000 employees and operators can go back to work.

“These operators, they’re losing money. About 5,000 people are expecting this. I told PAGCOR, I’m not the one who’s hurting. The business is there, the longer you keep us closed, the harder it would be for the operators, there will be lesser revenues,” Araneta said, according to The Manila Times.