Corporate History

  • January 18, 2000- South Seas Natural Resources Inc., founded in 1969 as a mining and exploration company, is restructured, renamed “PhilWeb.Com, Inc.”, and repurposed as an internet company, with Roberto V. Ongpin as chairman
  • July 2, 2001- PhilWeb.Com signs a Memorandum of Agreement with, and buys a major interest in ISM Communications Corp. (formerly Itogon-Suyoc Mines, Inc.), changing the firm’s primary purpose from a company engaged in the business of mining to a company engaged in the business of telecommunications, multimedia and information technology
  • November 5, 2002- PhilWeb.Com, Inc. officially changes its name to PhilWeb Corporation
  • November 28, 2002- PhilWeb signs an agreement with the Philippine Amusement and Gaming Corporation (PAGCOR) for Internet Sports Betting
  • May 2003- PAGCOR and PhilWeb launch the Internet Sports Betting System (ISBS) with the Basketball Jackpot game, sold from kiosks nationwide
  • May 29, 2003- A stockholders’ resolution changes PhilWeb’s primary business to include gaming
  • March 2004- PhilWeb signs an Internet Gaming agreement with PAGCOR and begins rollout of the PAGCOR e-Casino Filipino Internet Casino Station (ICS) system with 11 ICS opened by the end of 2004
  • May 31, 2005- Eric O. Recto becomes president of PhilWeb, as well as president and director of ISM Communications Corp.
  • May 2006- ePLDT, Inc., the information technology arm of the Philippine Long Distance Telephone Group (PLDT), buys 26 percent of PhilWeb
  • June 2006- In cooperation with the Bureau of Internal Revenue (BIR) and PAGCOR, PhilWeb launches Premyo Sa Resibo to encourage consumers to use official receipts
  • July 2006 - Dennis O. Valdes takes over as president of PhilWeb; Eric O. Recto is named Vice-Chairman
  • February 2007-Board of Investments (BOI) grants PhilWeb "pioneer" status, allowing six years of tax incentives for importing software
  • April 2007- PhilWeb reports net income of P116 million for 2006
  • September 2007- PhilWeb launches the TXTINGO mobile game
  • December 2007- PhilWeb opens its 32nd PAGCOR ICS for 2007, bringing the total number to 76 PAGCOR ICS nationwide
  • February 2008- PAGCOR officially rebrands its land based Casino Filipinos to “PAGCOR”, and in line with this, rebrands all e-Casino Filipino Internet Casino Stations (ICS) to “PAGCOR e-Games Cafés”
  • March 2008- Premyo Sa Resibo receives its 100 millionth raffle entry
  • April 2008- PhilWeb doubles its revenues to a total of Php 266.9 million in 2007 from Php 132.9 million the previous year . Total Net Income for 2007 is Php 222.8 million, a 92% increase over Php 116 million of the previous year