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PhilWeb Corporation

Company Description
PhilWeb Corporation (WEB) was originally incorporated on August 20, 1969 as South Seas Oil and Mineral Exploration Co. Inc. to engage in mining and oil exploration. The corporate name was later changed to South Seas Natural Resources, Inc. on March 29, 1984. In 2000, the Company again changed its corporate name to PhilWeb.Com, Inc., together with a change in its primary purpose to that of an Internet company. In 2002, the corporate name was changed to the present one. In 2005, the Company changed its primary purpose to that of application service provider for gaming and internet business activities as one of its secondary purposes.

In 2003, the Company received a license from the Philippine Amusement and Gaming Corporation (PAGCOR) to launch e-Games Stations, which are Internet cafes exclusively dedicated to casino games. With technology provided by WEB, patrons can choose from more than 300 casino games, including baccarat, blackjack, various slot machine games, video poker and sports betting. There are currently 288 operating e-Games cafes across the country, majority of which are owned and operated by independent operators.

WEB's subsidiaries include BigGame, Inc.; e-Magine Gaming Corporation; PhilWeb Asia-Pacific Corporation; Major Games and Amusement Corporation; and PhilWeb Mobile Lottery Corp., among others.

Source: SEC Form 17-A (2019)
Security Information
Sector Services
Subsector Information Technology
Corporate Life 50
Incorporation Date Aug 20, 1969
Number of Directors 15
Stockholders' Meeting as per By-Laws May - any day
Fiscal Year 12/31 (Month/Day)
External Auditor Reyes Tacandong & Co.
Transfer Agent AB Stock Transfers Corporation
Contact Information
Business Address 41st Floor, One San Miguel Avenue Condominium, San Miguel Avenue corner Shaw Boulevard, Ortigas Center, Pasig City, Philippines
E-mail Address
Telephone Number (632) 8236-5577
Fax Number (632) 8845-4171