The company netted P869.63 million in 2015, down 3.8 percent from P903.86 million in 2014.
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Philweb president Dennis Valdes said on Sunday that if the firm’s contract with Pagcor was canceled or not renewed, the company’s license to operate would immediately cease.
“This means Philweb would shut down all operations,” Valdes said in a press statement.
“All the suppliers of e-Games, small and medium enterprises that supply goods and services to each e-Games outlet, would also suffer from the shutdown.” Mr.