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PhilWeb Corporation begins winding up operations

After the government announced plans earlier this month that could see it revoke up to 626 further online gaming licenses, Philippines online games developer PhilWeb Corporation has revealed that it has begun winding up its operations.

According to a report from the Manila Bulletin newspaper, the move followed a decision by the Philippine Amusement And Gaming Corporation regulator on Tuesday not to renew the firm’s license renewal request.

PhilWeb Corporation begins winding up operations

“The PhilWeb Corporation contract will expire August 10, 2016,” Andrea Domingo, Chairperson f…