Casino software provider invests in PhilWeb
Textron Software Solutions Inc. has acquired 5.79 million shares of PhilWeb Corp. as settlement for its P34.7 million loan.
Textron is an authorized licensor of software program RealTime Gaming, the number one casino software in the Philippines.
“We are very enthusiastic about the growth of the caf?-based industry and always interested in ongoing and increased partnership with all our licensees.
PhilWeb has been a tremendous licensee and partner since 2005 and we look forward to a long and successful relationship,” Textron said.
PhilWeb just secured a provisional operating license from the Philippine Amusement and Gaming Corp. as an accredited electronic gaming system service provider.
As an EGS service provider, Philweb can offer its software and other services to the operators of Pagcor-licensed gaming sites for electronic games.