Pacific Online Systems Corp., a listed developer and manager of online computer systems, terminals, and software for the Philippine lottery industry, has entered into an investment agreement with software provider HHR Philippines Inc. (HHRPI) to acquire a 37.5 percent stake in the company. The deal, valued at P150 million, marks the expansion of Pacific Online into the online gaming sector.
HHRPI, which provides software and professional services for electronic gaming platforms, is licensed by the Philippine Amusement and Gaming Corp. (PAGCOR) and holds a PAGCOR Gaming License for online gaming under its brand “Buena.” This strategic partnership allows Pacific Online to further solidify its position in the expanding online gaming industry, leveraging HHRPI’s PAGCOR accreditation.
The funds from Pacfici Online’s capital infusion will be directed towards HHRPI’s expansion plans, which are expected to enhance its gaming platform offerings and infrastructure. The investment will also support HHRPI’s continued growth in both land-based and online gaming, contributing to the company’s competitive edge in the Philippine gaming market.
The decision of Pacific Online to acquire a minority stake comes as the online gaming industry continues to show strong growth, driven by increasing demand for digital gaming platforms. The investment is seen as a mutually beneficial move, with POSC gaining a foothold in the sector while helping HHRPI accelerate its growth through additional resources.
This deal is part of Pacific Online’s broader strategy to diversify its portfolio and capitalize on the lucrative online gaming market in the Philippines, which remains one of the leading hubs for gaming in Southeast Asia.
