DFNN

    Website: http://www.dfnn.com/

    DFNN is a leading IT solutions provider and systems integrator, enabling its customers to compete in an increasingly technology dependent environment since 1999. Backed by its domain expertise in financial services, the company has become a proprietary software technology, wireless, and secure solutions partner of leading corporations and institutions.DFNN has found that many of its developed technologies and project management experience deployed at its various financial institutional clients are also capable of being customized and used in a gaming environment. Both financial and gaming industries require secure environments in which to operate. With the advent of the opening of the gaming industry, both land based and electronic in Asia, DFNN has created a division to cater to the needs of the Emerging Asian Gaming Industry. FNN’s gaming solutions span the capability for wireless gaming, game creation, and gaming related project management and software outsourcing. DFNN is willing to cater its gaming products to the needed business processes of legal gaming entities operating in legal gaming jurisdictions. DFNN is currently delivering innovative new game content through a wide array of products, systems, and solutions.

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    Court upholds DFNN award ruling against PCSO

    The Court of Appeals has again affirmed a claim by DFNN for damages from the Philippine Charity Sweepstake Office (PCSO) for unilaterally pulling out of an equipment lease agreement. 

    DFNN expands offshore gaming business

    Philippines-listed DFNN Inc. has incorporated a new entity to expand its offshore gaming operations, according to a filing from DFNN to the stock exchange on Wednesday. The company in question, Nico Bayan, will have an authorized capital stock of P15 million (US$293,437). Out of the subscription of DFNN, it will own 100 percent of the […]

    DFNN says hopeful PCSO spat is close to resolution

    DFNN said it is hopeful a long-standing legal dispute with the Philippine Charity Sweepstake Office (PCSO) is close to being settled and it will be able to collect the PHP310 million ($5.9 million) in damages that it was awarded by a court.

    DFNN signs joint venture with Singapore tech firm

    Philippine-listed DFNN, which runs the Instawin e-casino product, said it has reached a joint venture with CYG Pte, a Singapore-based software and technology center.

    DFNN H1 revenue gains 11.5 percent

    DFNN said its H1 revenue gained 11.5 percent, with gains noted across all of its business sectors, in particular license sales.

    Philweb fights to regain lost ground

    Almost two years after losing its license in a spat with Philippine President Rodrigo Duterte, gaming technology company PhilWeb Corp is on a charm offensive to win back lost business with improved content and services. “I hope you will support us,” PhilWeb President Dennis Valdes said as he recently shook the hand of Pastor Albano […]

    DFNN declares dividends on the back of crypto subsidiary

    Philippines listed DFFN, has approved the declaration of property dividends on the back of majority-owned subsidiary iWave Inc., focused on cryptocurrency services.

    DFNN sees big live dealer potential, eyes crypto leadership

    DFNN CEO Calvin Lim says the company will soon roll out the first live dealer products in the Philippines’ e-casino market, which will help the game technology company reach a new segment of premium mass players.

    DFNN reports five-fold increase in profit in 2017

    Philippine technology firm DFNN Inc on Wednesday reported consolidated revenue of P961.9 million for the full-year 2017, an increase of 270 percent year-on-year. The company also disclosed a net income of P144.8 million, up more than five-fold from P23.6 million recorded the year before. DFNN said the boost in revenues was largely due to a […]

    Prospects bright for eGaming operators

    The Philippines eGames industry is expected to grow significantly in the years ahead, with expansion likely to be seen in floor space, rather than in venue numbers, said a panel of experts at ASEAN Gaming Summit. Dennis Valdes, CEO of PhilWeb, estimated that there are currently about 300 eBingo sites around the nation and a […]

    DFNN earnings continue upward trajectory

    Philippine technology firm DFNN saw its earnings continue to surge at the end of September, with net income for the first three quarters of 2017 reaching P121.3 million ($2.4 million), from just P0.8 million in the prior-year period. Revenues reached P848.5 million, up 616 percent year-on-year, while EBITDA reached P142.8 million, up 668.9 percent. DFNN […]

    DFNN revenue and profit skyrocket in 17H1

    Philippine technology firm DFNN Inc. saw net profit rise 456 percent year-on-year to P101.8 million over a surge in revenues from its gaming platform business. Revenues for the first half of 2017 rose more than eight-fold to P555.9 million. The increase was due to growth in revenue from licensed gaming operations, up by P505.1 million […]

    HatchAsia headed for PSE listing by 18Q2

    Technology provider DFNN Inc. says it is planning to list its gaming service business on the Philippine Stock Exchange in 2018, The Inquirer reports. DFNN president and chief executive officer Ramon Garcia made the announcement during a stockholders meeting on Friday. “The intention is to take HatchAsia listed by way of introduction because we have […]

    DFNN to raise $12.4 in private placement deal

    Philippine-listed DFNN has announced it plans to raise up to P624.4 million (US$12.4 million) through a private placement deal with UK-based Excel Century Investment Ltd., according to a company filing to the Philippine Stock Exchange. The deal involves over 74.8 million common shares of DFNN at an issue price of P8.30 per share. DFNN said […]

    DFNN 17Q1 net income rockets upwards

    Philippine-listed DFNN over the weekend reported a sharp rise in revenue and income for the first quarter of 2017, aided by the company’s increased gaming footprint and adoption of its technology platform. The company reported consolidated revenue of P266.3 million in 17Q1, up from P58.0 million in 16Q1, while net income was P52.7 million, up […]

    SC ends legal battle between DFNN and PSCO

    The Supreme Court has dropped all civil cases linked to the dispute between DFNN Inc and the Philippine Charity Sweepstakes Office (PCSO) over the “illegal” rescission of its lotto equipment leasing deal, The Inquirer reports. The court granted the motion to withdraw petition filed by the PSCO and declared the case immediately closed and terminated. […]

    CA affirms ruling against PSCO in favor of DFNN

    The Philippines Court of Appeals (CA) has reaffirmed an earlier decision to award DFNN, Inc. P310 million (US$6.2 million) in damages due to the premature termination of its lease agreement with the Philippine Charity Sweepstakes Office (PCSO), local media reports. PSCO filed an appeal after an earlier decision from the Regional Trial Court Branch 66 […]

    Duterte may reinstate Philweb eGames licenses, roadblocks ahead

    It is being speculated that e-gaming operator PhilWeb Corp. may have its eGaming licenses reinstated under direction from Philippine president Rodrigo Duterte. But an industry insider, speaking to AGB, said the new license may not be granted so quickly. Ongpin is trying to sell his stake to Araneta “who will obviously not complete the deal” […]

    Gaming firms eye Pagcor offshore gaming licenses

    Several gaming firms are looking into obtaining the new offshore gaming licenses being pitched by state-owned Philippine Amusement and Gaming Corp. (Pagcor), local media reports. One such firm is embattled Philweb Corp. “We are studying it at the moment,” Philweb president Dennis Valdes said to Philippines news outlet, The Inquirer on Thursday. According to The […]

    Online gaming a possibility, regulation essential says Tio

    While there is potential for Macau to profit from online gaming similar to that achieved in the South East Asian region, regulation is essential, says Chris Tio, a Philippines gaming expert. In an interview with Business Daily, Chris Tio, the former head of marketing of PAGCOR, now executive vice president of DFNN Inc said Macau […]

    New rules seen killing Russia’s online market

    New regulations designed to regulate online gaming in Russia would kill the market if they are introduced in their current form, but the government may relax some aspects of the bill following lobbying from the industry. Russia in April announced plans for regulations for the online gaming industry in a bid to gather tax revenue. […]

    CEZA aims to be silicon valley of Asia

    The Cagayan Economic Zone Authority (CEZA), an economic Freeport zone in the north of the Philippines, has been making good on a plan to transform itself into a Fintech hub, with demand for licenses outstripping potential supply by almost three times. CEZA was the Philippines’ online gambling hub before President Rodrigo Duterte shook up the […]
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