July 1, 2010 (CAP PR Wire) — Microgaming (www.microgaming.com), the world’s largest provider of online gaming software, announces it has signed a partnership deal to provide games content for PhilWeb’s new online casino venture, Vibrant Vegas, which launches today through its network of Pagcor e-Games (PEGS) café operations.
Philippines based PhilWeb, is the first and largest listed internet company in the country by market capitalisation, and the dominant technology-based gaming firm. The company recently released excellent first quarter results for 2010 which showed a 52 percent growth in net income. Its latest venture in bringing Vibrant Vegas casino to market is a vital part in its ambitious development plans for 2010 and beyond.
The partnership allows PhilWeb access to Microgaming’s catalogue of over 450 market leading, graphic rich games, the support of a dedicated Account Management team and world-class back-office services. For Microgaming, the deal with PhilWeb represents the addition of yet another successful Asian operator to its international network, further cementing its stronghold in the developing Asian gaming market.
Dennis Valdes, CEO, PhilWeb said: “Our gaming operations are currently going from strength to strength and we are delighted to be delivering a new casino platform to market. We are currently undergoing rapid growth, and Microgaming is the obvious partner for us, due to its ability to deliver the highest quality tailored software at an unrivalled speed to market. We firmly believe that no other provider comes close when it comes to games content. We anticipate a long and successful partnership with Microgaming, and look forward to the company playing a significant part in our future growth ambitions.
Fredrik Lonnqvist, Microgaming commented: “The partnership with PhilWeb represents a real coup for Microgaming. We are proud to have been selected by such a dynamic company with such a strong reputation in its market. We believe that our software gives our operators a competitive edge when it comes to game variety, quality, and technical sophistication. We are committed to delivering the most exciting and rewarding online gaming experience, to Vibrant Vegas players.”
About Microgaming (www.microgaming.com)
Since the company developed the first true online Casino software over a decade ago, it has led the industry in providing innovative, reliable gaming solutions. Thanks to an unrivalled R&D programme, that averages 60 games per year and a unique ‘partnership’ approach to working with operators;
Microgaming software powers over 160 market-leading online gaming sites.
The company’s front and back-end software supports multi-player, multi-language games – over 450 of them, all uniquely branded and provides platforms for land-based and wireless gaming. Microgaming powers the world’s largest Progressive Jackpot Network and has paid out over €265million. In May 2009 it created the biggest ever online jackpot winner with a single payment win of €6.37m.
As a founding member of eCOGRA, Microgaming is at the forefront of an initiative focused on setting the highest standards in the gaming industry, and leads in the areas of fair gaming, responsible operator conduct and player protection. Microgaming has been awarded eCOGRA’s Certified Software Seal following a rigorous onsite assessment to ensure that the development, implementation and maintenance of the software is representative of industry best practice standards Microgaming licensees are therefore eligible to apply for the eCOGRA Safe & Fair Seal.