Gross online gaming revenues for the Philippine Amusement and Gaming Corporation fell by half in the third quarter of 2016, attributed mainly to the suspension of operations of PhilWeb, which has not yet renewed its licence.

Philippines i-gaming down in Q3

Pagcor data showed that gross gaming revenues from dropped to PHP721m (€13.9m) in Q3, down from PHP1.467bn (€28.3m) in the same period in 2015.

PhilWeb has not been operating since August 10, 2016, when its licence expired, and is still negotiating with Pagcor for renewal.

Pagcor chairperson and chief executive officer Andrea Domingo said the renewal process of PhilWeb’s intellectual property licensing and management agreement (IPLMA) as online gaming provider would now go through a competitive bidding process.

“The selection of the service provider for Pagcor’s online gaming operations will be in accordance with Republic Act 9184, preferably through public bidding,” Domingo said.

RA 9184, the Government Procurement Reform Act, calls for public bidding in the procurement of products and services by state agencies and government-owned corporations.

Source: PhilStar.com