Tycoon Lance Gokongwei has joined the board of PhilWeb Corporation after investing more than P2 billion in the gaming technology provider.His appointment as a director expands the Gokongwei family's gaming interests beyond NUSTAR integrated resorts into tech supporting online operators.The investment includes acquiring 159.53 million common shares and 93.84 million redeemable preferred shares, potentially giving him up to 15% equity.PhilWeb plans to use funds for AI-enabled systems in transaction monitoring and regulatory compliance.The move follows Gokongwei's personal investment, separate from his family's JG Summit Holdings.PhilWeb, which transitioned from mining to gaming services, aims to strengthen its balance sheet and develop technology for licensed operators.

This strategy contrasts with casino owners like Bloomberry Resorts, as PhilWeb focuses on supplying tech to multiple operators rather than relying on single casinos.

The investment builds on existing partnerships with NUSTAR, Hann Casino, and Okada Manila, positioning PhilWeb as a B2B provider in the gaming industry.