New Chairman For Philweb

Philippines e-gambling appoints major shareholder Gregorio Araneta

The beleaguered Philippines e-gaming group Philweb, still reeling from the war on e-gaming being waged by president Rodrigo Duterte, has announced the appointment of major shareholder Gregorio Araneta as chairman.
InfoPowa readers will recall that previous chairman and majority shareholder Roberto Ongpin stepped down last month as the presidential hammering adversely impacted the company.
According to the company's stock exchange notification Araneta is already an independent director of the company and sits on its nomination and remuneration committees.
The businessman directly owns 100 shares in PhilWeb and maintains another 13,043,478 shares through Gregorio Araneta Inc., along with business interests in property development and the energy sector. He is married to Irene R. Marcos-Araneta, daughter of the country's late deposed dictator Ferdinand E. Marcos.
The government's licensing authority, Pagcor, recently announced that it would start accepting applications from operators for new licenses provided they did not target Filipino punters. It is not known at present whether Philweb has submitted an application in a bid to replace the almost 300 licenses for its venues which Pagcor refused to renew in August.

Online Casino News Courtesy of Infopowa

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Brian Cullingworth

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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