PlayTime CEO denies rumors of backdoor listing, emphasizes focus on business expansion and product innovation.

Philippine online gaming operator PlayTime CEO Elvis Chan publicly clarified on October 10 that the company currently has no plans to go public through a backdoor listing via PhilWeb Corp., denying recent industry rumors. Chan emphasized that PlayTime's strategic focus is on business expansion, prod

34like·0comment

PhilWeb's controlling stake changes hands as president leads acquisition of 57% of the company's shares.

Philippine online gaming supplier PhilWeb Corporation announced that 57% of its controlling stake will be acquired by Nexora Holdings Inc., controlled by the company's current president Edgar Brian K. Ng and other executives, with a total transaction amount of about 1.8 billion Philippine pesos (30.

24like·0comment

[Just Now] Play Time founder Elvis Chan: PLAY TIME has no plans to go public at the moment, nor to acquire PhilWeb.

Everything comes from today's news:Title: Greggy Araneta Exits PhilWeb with 1.8 Billion Pesos, 200 Million Less Than 2016 Ongpin DealPhilippine President's relative Gregorio “Greggy” Araneta III has completely exited PhilWeb Corp. He sold his controlling stake to Nexora Holdings Inc. and Velora Ho

30like·0comment

Philippines' Playtime acquisition of PhilWeb faces hurdles as stock price increase leads to higher transaction valuation.

The acquisition plan of the emerging online gambling platform Playtime in the Philippines has recently encountered changes. The company originally planned to enter the Philippine Stock Exchange by acquiring PhilWeb Corp., but due to a significant increase in the target company's stock price, the tra

26like·0comment

Philippine Local Gambling Enterprises Comprehensive Analysis: Policy Bonuses and Market Game

I. Industry OverviewThe Philippine gaming industry is one of the most mature legal markets in Southeast Asia, with an expected industry size of $6 billion in 2024, of which local enterprises hold a 35% share. Under the regulation of the Philippine Amusement and Gaming Corporation (PAGCOR), local op

21like·0comment

PhilWeb formally declares: denies any contact with PlayTime regarding "backdoor listing"

Manila, March 25, 2024—Philippine listed company PhilWeb (PSE: WEB) today issued an official announcement through the Philippine Stock Exchange, explicitly denying any form of capital cooperation negotiations with the emerging online gaming platform PlayTime. This statement directly responds to rec

25like·0comment

/ THE END /