Tag page - PhilWeb Corporation

Gregorio Araneta III’s ₱1.8 billion management takeover of gaming firm PhilWeb Corp. will be undertaken in two tranches, effectively moving back the requirement for mandatory tender offer to minority shareholders. PhilWeb disclosed to the Philippine Stock Exchange that principal shareholder...

In a management takeover, President Marcos’ brother-in-law, Gregorio Araneta III, is divesting his entire 57 percent stake in the publicly listed gaming firm PhilWeb Corp. for ₱1.8 billion in favor of two firms, one of which is headed by PhilWeb’s President, Edgar Brian K. Ng. PhilWeb...

Araneta-led gaming firm PhilWeb Corp. reported that its losses ballooned to ₱599.2 million last year, 734-percent higher than the ₱71.7-million loss incurred in 2023, mainly due to one-time costs. In a disclosure to the Philippine Stock Exchange, the gaming company said the loss is attributed...

Gaming firm PhilWeb Corporation is getting a capital infusion of P750 million from its principal shareholders Gregorio Araneta Inc. and PhilWeb Casino Corporation. In a disclosure to the Philippine Stock Exchange, PhilWeb said the Executive Committee of its Board of Directors of the Corporation...