The company posted a year-over-year increase in total revenue of 418.2 million PHP ($9.3 million) in the third quarter. Costs fell 11.9% year-over-year to 163.3 million PHP, it said in a filing on Thursday.

Profits from the parent company's equity owners rose 12.9% year-on-year to 214.1 million PHP, it said on the Philippine Stock Exchange. 안전한 카지노사이트

PhilWeb's current major revenue business consists of licensing proprietary software and providing technology, marketing and cash management services to 299 e-Games cafes of state-owned Philippine Entertainment and Gaming Corporation (Pagcor).

Total gaming handset networks rose 9.9% from the same period last year to 8,208 units, the company said. Total bets for the third quarter of 2014 were up 4% year-over-year to 102.6 billion PHP.

Net income for the first nine months of 2014 lagged last year's results. PhilWeb reported net income of 645.4 million PHP in the January-September period, down 10.6% from a year earlier.

"However, net income declined mainly due to equity gains recorded as of the third quarter of last year, as well as other gains from interest expenses and income tax expenses recognized in 2014," the company said.

It also operates operations in East Timor, Cambodia and Indonesia through its PhilWeb Asia-Pacific subsidiary.

Operations at the Guam Sweep Center on the U.S. Pacific territory of Guam remain closed due to changes to gaming legislation, the parent company said. PhilWeb added it expects to resume operations there "at the end of the year."