Lance Gokongwei Invests P2.03 Billion in PhilWeb, Joins Board on July 10

According to Rappler, tycoon Lance Gokongwei invested P2.03 billion in gaming technology provider PhilWeb Corporation and was elected to the company's board on July 10, 2026. Gokongwei will acquire 159.53 million common shares and 93.84 million redeemable preferred shares at P8 each, giving him approximately 10% ownership initially, potentially rising to around 15% upon full conversion of preferred shares. The proceeds will be used to strengthen PhilWeb's balance sheet and develop artificial intelligence-enabled systems for transaction monitoring, regulatory compliance, and operational automation. PhilWeb provides gaming platforms, content, and compliance systems to licensed operators, including support for the Gokongwei family-backed NUSTAR integrated resort's online operations.
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