The assessment comes as the Philippine online gaming market becomes increasingly crowded. According to Inside Asian Gaming, Abacus noted that “Competition … has been becoming more fierce with new players beginning their operations in the online gaming space through their own online gaming platform, like Bloomberry, or through a third-party provider, like PhilWeb.” At the same time, PhilWeb Corp. has built a network of casino partners operating online gaming services through its technology infrastructure. Reyes Tacandong & Co. senior adviser Jonathan Ravelas said the company’s leadership position remains intact even as casino-backed platforms seek a larger share of the online gaming market. The results followed the removal of direct links between electronic wallets and licensed online gaming platforms.