Content Writer: Janice Chew • Friday, 26/08/2026 - 18:56:45 - PM
Philippine gaming technology provider PhilWeb Corporation has appointed Lance Gokongwei as Chairman of its Board of Directors, effective 27 August 2026.
Gokongwei replaces Crisanto Roy B. Alcid, who relinquished his positions as Chairman and CEO but will remain on PhilWeb’s board as a director. Gokongwei will serve as Chairman for the remainder of the current term.
The leadership change follows Gokongwei’s significant investment in PhilWeb earlier this year. Philippine Stock Exchange disclosures show that he agreed to invest approximately Php2.03 billion in the company through subscriptions for common and preferred shares.
PhilWeb has been expanding its presence in the Philippines’ online gaming sector, providing technology and Gaming System Administrator services to operators associated with major integrated resorts including Hann Casino Resort, Okada Manila, NUSTAR and Newport World Resorts.
Industry Remark
Gokongwei’s appointment signals more than a routine boardroom change. With fresh capital, established experience across major Philippine businesses and PhilWeb expanding deeper into digital gaming infrastructure, the company appears positioned for its next stage of growth.
For the wider gaming industry, it is another sign that technology platforms, digital distribution and online gaming capabilities are becoming increasingly important alongside traditional casino operations in the Philippines.