PhilWeb and unit invest P4.23 billion in Epic Game administrator JKS Tech

PhilWeb Corp. and its wholly owned subsidiary PhilWeb Capital Corp. have agreed to invest a combined P4.23 billion in JKS Tech Solutions, Inc., the PAGCOR-listed gaming system administrator of the Epic Game brand. The investment covers 10.73 million Class B common shares at P394 apiece, payable in t

LISTED electronic gaming technology services provider PhilWeb Corp. and its wholly owned subsidiary have agreed to invest a combined P4.23 billion in JKS Tech Solutions, Inc., which is listed by the Philippine Amusement and Gaming Corp. (PAGCOR) as the gaming system administrator of the Epic Game brand.

In a regulatory filing on Monday, PhilWeb said it subscribed to 3.41 million Class B common shares of JKS Tech at P394 apiece for an aggregate subscription price of P1.34 billion. Of the amount, P335.70 million will be payable at the first closing, while the remaining P1.01 billion will be paid thereafter, subject to the terms of the subscription agreement.

PhilWeb Capital Corp., a wholly owned subsidiary of PhilWeb, separately subscribed to 7.32 million Class B common shares of JKS Tech at P394 apiece for a total subscription price of P2.88 billion. Of this amount, P720.82 million will be payable at the first closing, while the remaining P2.16 billion will be paid thereafter, the company said.

The shares covered by the subscription agreements will be issued from a proposed increase in JKS Tech’s authorized capital stock, subject to approval by its stockholders and the Securities and Exchange Commission (SEC), as well as compliance with other applicable regulatory requirements, PhilWeb said.

JKS Tech is a Philippine business-to-business technology, platform, and digital infrastructure company serving licensed mid-market operators in the digital entertainment sector, according to PhilWeb. According to PAGCOR’s list as of Dec. 4, 2025, JKS Tech offers electronic casino games, while traditional bingo, electronic bingo, sports betting, specialty games, and numeric games were listed as having yet to commence commercial operations.

PAGCOR also lists PhilWeb as a gaming system administrator under its eGames brand, with electronic casino games and sports betting among its offerings. Numeric games are listed as having yet to commence commercial operations. At the local bourse on Monday, shares in PhilWeb rose by 60 centavos, or 4.17%, to close at P15 apiece.