Logo of Phnom Penh Post newspaper Phnom Penh Post - Mobile lottery for Cambodia

Mobile lottery for Cambodia

Mobile lottery for Cambodia

Philweb Cambodia Ltd aims to have a lottery available through mobiles and kiosks by the end of the year, according to a filing by its parent company on the Philippines Stock Exchange.

The Cambodian lottery – which received a licence in August – was expected to prove profitable, it said.

“It is expected that the operation will contribute significant amount of revenue and bottom line to the Company’s already growing business,” the statement said.

Established in July, PhilWeb Cambodia is a joint venture split 80:20 between Philippines-based PhilWeb Corporation and 5P Corporation, which is owned by Prime Minister Hun Sen’s sister Hun Sen Ny, the firm said previously.

PhilWeb intends to operate internet-based and mobile-based games of chance, such as lottery, internet casino cafes, and other games of chance as they become legally available in the Kingdom, according to the most recent filing.

Although gambling in the Kingdom is restricted to foreign nationals in designated areas, lotteries are legal for Cambodian citizens, provided proper approval is granted, PhilWeb’s Asia Pacific president Mike Grandinetti has told The Post.

PhilWeb operates internet cafe-style gaming sites in the Philippines in conjunction with the country’s government-owned Philippine Gaming and Amusement Corporation.

The firm intends to hold a shareholders meeting on January 7 to approve a capital raising via the issue of new shares.

Mike Grandinetti deferred questions yesterday on how this plan would impact its Cambodia operations until later this week.

In November, a PhilWeb subsidiary signed a memorandum of understanding with Laos’ Simuong Group to develop and operate in Laos.

PhilWeb’s Chairman is Roberto Ongpin, who Forbes says is a prominent Philippine businessman with interests in San Miguel.

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget