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PhilWeb invests P730M to expand eBingo - Vimarsana News

PhilWeb invests P730M to expand eBingo

Published March 15, 2021, 7:00 AM PhilWeb Corporation is expanding its electronic bingo (eBingo) business with the P730 million acquisition of electronic eBingo companies and machine suppliers from its shareholder the Palmary Group. In a disclosure to the Philippine Stock Exchange, PhilWeb said it acquired 16 eBingo outlets and two eBingo machine suppliers from the Palmary Group. PhilWeb executed deeds of sale for the acquisition of 100 percent of the total issued capital stocks of 16 eBingo companies for P450 million and two accredited e-bingo machine supplier companies for P280 million.  â...

Source: mb.com.ph
PhilWeb buys eBingo machine suppliers, outlets - Vimarsana News

PhilWeb buys eBingo machine suppliers, outlets

March 10, 2021 | 12:04 am Font Size AAA PHILWEB CORP. has acquired 16 electronic bingo (eBingo) outlets and two eBingo machine suppliers, which are expected to expand the portfolio of the gaming service provider. The company told the stock exchange on Tuesday that it executed the deeds of sale for the acquisition of 100% of the total issued capital stocks of the eBingo companies for P450 million and the two accredited eBingo machine suppliers for P280 million. “[PhilWeb’s electronic games business] now has an expanding, two-fold footprint in the whole electronic gaming sector,”...