Technological advances in the past few decades have significantly increased the competitive nature of the economic business world. Companies have used software, computers and the internet to transform their businesses from local to global market competitors. Many companies have responded to these changes by automating their business processes and capturing industry-related information and using it…
Emerging industry. It also formed several subsidiaries, including iWave, Inc. for system integration software and technology development; HatchAsia, Inc. for management and technology expertise; and Pacic Gaming Investments Pty. Ltd. for game development. Now the dominant player in the electronic gaming market with 190 e- casino sites, DFNN recently appointed an expatriate to lead the…
DFNN Inc., a listed information technology company, said it will declare as property dividend some 40,000 shares in unit iWave Inc. DFNN said in a disclosure to the stock exchange shareholders as of record date Dec. 18, 2018 would receive one iWave common shares for every 8,155.5 DFNN shares owned. iWave is a leading company…
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. “I’m very excited about the prospects of our upcoming live dealer project,” he told AGB in an interview. “This…
Net income of Philippine-listed game technology provider DFNN Inc. grew five-fold in 2017 on the back of strong commission fees and improvement in service income. In a disclosure to the Philippine Stock Exchange, DFNN reported net income of PHP144.77 million (US$2.79 million) last year—a 513 percent leap from the PhP23.61 million ($454,964) posted in 2016.…
DFNN Inc., a firm that operates gambling kiosks and supplies software solutions to other firms, said its net income jumped six folds last year as a result of more deployment of gaming machines. The company said its profits rose P144.77 million for the entire 2017, up from a mere P23.61 million it eked out in…
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…
THE Financial Times (FT) of London has released its inaugural list of the FT 1000 High-Growth Companies in Asia Pacific, consisting of firms based in 11 of the region’s more developed markets, namely Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Taiwan. FT’s research partner Statista compiled the list,…
DFNN, Inc. is planning to introduce more products this year, as it aims to boost its revenue contribution to the Philippine Amusement and Gaming Corp. (PAGCOR). “We’re looking at a hybrid of e-bingo sites and more breadth in terms of the product itself, and more sports betting,” DFNN Chief Executive Officer Calvin Lim told BusinessWorld…
It’s like Apple founder Steve Jobs giving way to Tim Cook as CEO of his company. That’s how Ramon “Raymond” Garcia Jr.— who recently turned 50 and saw the need to find his successor at technology firm DFNN Inc.—likens his decision to step down as CEO and bring 38-year-old Malaysian-Chinese professional, Calvin Lim, into his…