09 July 2011

East Timor allows PhilWeb gaming

July 1, 2011, 2:00am MANILA, Philippines — PhilWeb Corporation, the country’s top online technology firm, announced that it has received a mobile gaming license from Timor Leste (East Timor).

In a disclosure to the Philippine Stock Exchange, the firm said the license enables PhilWeb to immediately launch a suite of mobile games, including SMS-based instant win, under the brand name Gold Mobile.

PhilWeb president Dennis Valdes noted that this was a key milestone in the company’s push to expand in the Asia Pacific region. “Our track record in mobile gaming was critical to the government of East Timor in granting us this license,” he noted.

The firm launched the SMS-raffle “Premyo Sa Resibo” in 2005, and in the past six years has received over 175 million text entries and given out over P165 million in prizes.

PhilWeb said it will be working closely with the leading telecommunications firm in East Timor to immediately launch Gold Mobile to their subscribers.

Valdes also noted that their expansion into Asia Pacific has been very successful so far. “As previously noted, we have signed joint venture agreements with partners in Cambodia, Laos, Guam and Palau, countries where we have now set up subsidiaries to start up business,” he said.

He added that PhilWeb is also actively narrowing its search for partners in Vietnam, Nepal, India, Sri Lanka and in other countries in the region.

“This year will be a banner year for PhilWeb’s Asia Pacific division, as it expands the company’s business into markets beyond our Philippine borders,” said Valdes.

PhilWeb previously disclosed that it had received a license from the Cambodia Ministry of Finance to operate a 6/49 lottery in that country. The license allows PhilWeb to launch both paper-based and mobile-based forms of the lottery. (JAL)


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