Listed gaming technology provider DFNN Inc. expects to more than double the number of its Instawin terminals next year.
Ramon Garcia, president and chief executive officer of DFNN, said the company was on track with regard to its targets for the year, giving them the confidence to aim for greater heights in 2016.
“Our budget was for 1,500 terminals by the end of the year. As of third quarter, we are already at 1,225 or almost 1,300 terminals. We are pretty close to our budget so we feel that we can definitely made it and hopefully expand upon it,” Garcia said.
“Next year we are targeting a footprint of maybe 4,000 to 5,000 terminals,” he said, noting the expansion is nationwide but focused more in Metro Manila.
Garcia said that for the first nine months of the year, the company already opened 75 units which is 475 percent growth than last year’s.
“Perhaps next year we might be more aggressive, especially if it will add value to our gaming products or areas where we can expand into,” Garcia said.
Aside from Instawin, DFNN Chief Operating Officer Ricky Banaag said the company wants to triple its electronic gaming machines by the end of the year.
“What we have done is really engaging all our partners so that this year we will see our gaming assets all active and really delivering gaming solutions at the end of the year,” Banaag said.
The company is open and on the prowl for acquisitions to enhance bottom line and shareholder value.
“There are number of items we are looking at but nothing concrete. We are open to acquiring some companies within the gaming space or beneficial to our gaming industry,” Garcia said.
The company has recently ventured into virtual sports.
“That is a new offering. We have partnered with probably one of the world’s number one in terms of delivering of what we call virtual games or virtual sports. We had just launched that a few months ago, we started first in the provincial sites,” Banaag said.
Last week, it was launched in Metro Manila. “We will be continuously rolling it out in our Instawin sites the rest of the year and through 2016. It provides an exciting alternative to viewing sports,” he added.
DFNN’s P250 million private placement was oversubscribed, the officials said, adding that the funds from the share sale will be used for the expansion of terminals and electronic gaming machines.
The company is undergoing a quasi-reorganization to reduce deficit and improve its financials.
In the first half of the year, DFNN’s comprehensive income reached P2.83 million, a turnaround from the P26.48-million net losses a year earlier.
DFNN’s Instawin’s games include those from popular developers like PlayTech, SG8, PlayNGo and SHL.
Source: https://www.manilatimes.net/dfnn-to-expand-instawin-footprint/226753/
