PHILWEB Corp. has secured exclusive rights to distribute Games Global’s digital gaming content in the Philippines, expanding its business-to-business (B2B) gaming platform and adding a potential recurring source of revenue.
In a disclosure on Friday, the gaming application service provider said the agreement gives it access to Games Global’s portfolio of more than 3,000 titles, which will be offered to licensed gaming operators through PhilWeb’s technology platform.“This agreement represents an important milestone in PhilWeb’s long-term strategy of expanding its technology-enabled gaming services business,” the company said.“By securing this exclusive arrangement to deploy Games Global’s unparalleled content library, we are positioned to broaden our commercial relationships with licensed operators while creating a scalable and recurring revenue stream through technology-enabled services,” it added.Rollout of Games Global’s gaming content is expected to be completed within the third quarter, subject to regulatory approvals. Games Global, PhilWeb continued, boasts a catalog of titles developed by more than 40 independent game studios.“Games Global is a leading global B2B provider of hosted gaming services and technology solutions. Through scalable [application programming interface] integrations, the company provides a broad portfolio of gaming products and related services to operators across regulated markets worldwide,” PhilWeb said.It noted that Games Global supplies digital gaming content to more than 900 operators across more than 20 regulated markets worldwide.PhilWeb said the partnership also supported its long-term strategy of strengthening its digital platform by expanding the use of data analytics and technology-driven compliance tools across the regulated gaming market.The company’s shares on Friday closed unchanged at P13.12 each.
