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…
DetailsIn this interview with CalvinAyre.com, DFNN COO Ricky Banaag gives an update on the status of mobile gaming in the Philippines. There is an Asian country that has great potential for mobile gaming—the Philippines. Ricky Banaag, COO of DFNN, said the Philippines is a “mobile-first” kind of country with a smartphone-loving market that is already ripe for mobile gaming…
DetailsTECHNOLOGY solutions provider DFNN Inc. is cleaning up its books to wipe out P643 million in capital deficit and become capable of declaring dividends soon. In a disclosure to the Philippine Stock Exchange on Monday, DFNN said its board had approved the issuance of 8.3 million common shares to various existing shareholders by virtue of…
DetailsLISTED DFNN, Inc. said it will conduct a quasi-reorganization to remove the deficit in its retained earnings, as the information technology solutions provider moves to declare dividends soon. In a special board meeting last Friday, DFNN’s board of directors approved the issuance of 8.31 million common shares to existing shareholders through a debt-to-equity conversion. “The…
DetailsDFNN Inc. on Friday said it posted an income for the six-month period ending June, partly as a result of more than doubling its revenues for the period, as it focused its efforts on serving the gambling industry. The company said in its report that its income was at P2.8 million, a turnaround from last…
DetailsMANILA, Philippines – Diversified Financial Network Inc. (DFNN), the country’s leading IT solutions provider, systems integrator and provider of gaming technology products, services and solutions, has a new chief operating officer (COO) in Ricardo “Ricky” Banaag. Banaag was Intel Philippines’ country manager for over 16 years. DFNN focuses in 2015 to expand its electronic gaming…
DetailsMANILA, Philippines—The state-owned Philippine Charity Sweepstakes Office has agreed to go into arbitration of its dispute with listed information technology solutions provider DFNN Inc. over a wireless lotto betting contract that was scrapped during the Arroyo administration. In a disclosure to the Philippine Stock Exchange on Friday, DFNN said it had received a letter from…
DetailsTechnology firm DFNN Inc. is scaling up its interest in the lucrative gaming business by acquiring 25-percent direct stake in Inter-Active Entertainment Solutions Technologies Inc. (IEST), provider of betting and gaming solutions to the state-owned Philippine Amusement and Gaming Corp. (Pagcor). The proposed investment in IEST, an investee company of DFNN’s subsidiary Pacific Gaming Investments,…
DetailsTHE DIVERSIFIED Financial Network Inc. (DFNN) group has given London-based Betfair International ENC the option to acquire a 40-percent stake in an overseas unit involved in the gaming business. In a disclosure to the Philippine Stock Exchange, DFNN said Betfair would have the option to acquire the strategic stake in Interactive Entertainment Solutions Technologies (IEST),…
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