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                    [ArticleID] => 243989
                    [Title] => Ongpin group buys out Cabarrus to up stake in PhilWeb to 97%
                    [Summary] => The group of former Trade and Industry minister Roberto V. Ongpin has acquired from the Cabarrus family an additional 22.6 percent equity in PhilWeb Corp. for P158 million, raising its stake to a dominant 97 percent of the infotech company. 


Ongpin, through Azurestar Corp. and Aquadisk Corp., purchased a total of 14.37 billion PhilWeb shares at 1.1 centavos per share, the average of the closing prices for the past 30 days. 


The transaction was closed at the Philippine Stock Exchange yesterday. 


                    [DatePublished] => 2004-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 243111
                    [Title] => Pagcor taps Philweb for Internet gaming project
                    [Summary] => Listed information technology firm Philweb Corp. has secured the approval of the Philippine Amusement and Gaming Corp. (Pagcor) to operate the latter’s Internet based casino and sports betting games.


Pagcor had earlier tapped Philweb as  technical consultant and service provider in developing an online sports betting website which would allow bets on basketball games played in the US and the Philippines. 


Philweb, an affiliate of Canada-based Advanced Games Corp., has been preparing for its shift to Internet-based gaming activities since 2002.


                    [DatePublished] => 2004-03-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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ADVANCED GAMES

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                    [ArticleID] => 243989
                    [Title] => Ongpin group buys out Cabarrus to up stake in PhilWeb to 97%
                    [Summary] => The group of former Trade and Industry minister Roberto V. Ongpin has acquired from the Cabarrus family an additional 22.6 percent equity in PhilWeb Corp. for P158 million, raising its stake to a dominant 97 percent of the infotech company. 


Ongpin, through Azurestar Corp. and Aquadisk Corp., purchased a total of 14.37 billion PhilWeb shares at 1.1 centavos per share, the average of the closing prices for the past 30 days. 


The transaction was closed at the Philippine Stock Exchange yesterday. 


                    [DatePublished] => 2004-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 243111
                    [Title] => Pagcor taps Philweb for Internet gaming project
                    [Summary] => Listed information technology firm Philweb Corp. has secured the approval of the Philippine Amusement and Gaming Corp. (Pagcor) to operate the latter’s Internet based casino and sports betting games.


Pagcor had earlier tapped Philweb as  technical consultant and service provider in developing an online sports betting website which would allow bets on basketball games played in the US and the Philippines. 


Philweb, an affiliate of Canada-based Advanced Games Corp., has been preparing for its shift to Internet-based gaming activities since 2002.


                    [DatePublished] => 2004-03-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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abtest

Ongpin group buys out Cabarrus to up stake in PhilWeb to 97%

By Zinnia B. Dela Peña | March 26, 2004 - 12:00am

The group of former Trade and Industry minister Roberto V. Ongpin has acquired from the Cabarrus family an additional 22.6 percent equity in PhilWeb Corp. for P158 million, raising its stake to a dominant 97 percent...

Business

Pagcor taps Philweb for Internet gaming project

By Zinnia B. Dela Peña | March 19, 2004 - 12:00am

Listed information technology firm Philweb Corp. has secured the approval of the Philippine Amusement and Gaming Corp. (Pagcor) to operate the latter’s Internet based casino and sports betting games. Pagcor...

Business