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Philippine Tycoon Boosts PhilWeb Investment in Online Gaming Push

Philippine Tycoon Boosts PhilWeb Investment in Online Gaming Push
Bloomberg Technology Wednesday 24 June 2026, 03:42 UTC By Neil Jerome Morales 1 min read
Key Points

Philippine Tycoon Boosts PhilWeb Investment in Online Gaming Push Philippine billionaire Lance Gokongwei is taking a 15% stake in online gaming technology firm PhilWeb Corp., boosting the company’s foray into artificial intelligence and the tycoon’s exposure to the gaming industry. Gokongwei, whose family’s businesses range from food to airline, will invest 2.03 billion pesos ($33 million) into PhilWeb. The company will increase its authorized capital stock to 3.6 billion pesos from 2.6...

Philippine Tycoon Boosts PhilWeb Investment in Online Gaming Push Philippine billionaire Lance Gokongwei is taking a 15% stake in online gaming technology firm PhilWeb Corp., boosting the company’s foray into artificial intelligence and the tycoon’s exposure to the gaming industry. Gokongwei, whose family’s businesses range from food to airline, will invest 2.03 billion pesos ($33 million) into PhilWeb. The company will increase its authorized capital stock to 3.6 billion pesos from 2.6 billion pesos to facilitate his entry.
Philippine Tycoon (ORG) Lance Gokongwei (PERSON) PhilWeb Corp. (ORG) Gokongwei (PERSON) PhilWeb (ORG)
Originally published by Bloomberg Technology Read original →

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