Philippine Locals About To Get Online Gambling From DFNN

DFNN – a electronic gaming operator in Philippine has allegedly gotten the first online gambling license that’ll permit local residents – especially those that are very rich – to gamble online legally.

On Monday, the news was disclosed by the Asia Gaming Brief that DFNN (which is Philippine-listed) was the first receiver of the new online gambling licenses that are focused on locals issued by the PAGCOR (Philippine Amusement and Gaming Corporation). Investors, however, loved what they heard as it pushed the shares of DFNN by 41 percent.

CEO of DFNN =, Calvin Lim said the latest InPlay.ph online casino will be restricted only to VIP players. This is for a start, and it comes with strict KYC protocols – know-your-customer – to ascertain locals have the needed means to enjoy online gambling responsibly from their homes.

Inplay will be powered by IEST by (Inter-Active Entertainment Solutions) subsidiary of DFNN. This body has a long history as a supplier of land-based electronic gaming tech licensed by PAGCOR via Xchangebet (peer-to-peer sports betting) and the Instawin (online casino) brands.

All the eGames are given to locals via computer terminals in a network of eCafes. However, eGames are a distinct licensing category from PAGCOR’s POGO (Philippine Offshore Gaming Operator) permits.

The recipients are prohibited from taking wagers from locals. However, with the POGO segment flailing under the blend of government crackdowns and COVID-19, in October, PAGCOR declared that it was thinking about letting some of its land-based licensees to take online wagers from locals.

Later, PAGCOR was forced to disclose reports that some casinos situated in the gaming zone of Manila’s Entertainment City had already gotten the go-ahead to allow online bets.

In actual fact, only Melco Resorts & Entertainment’s City of Dreams Manila had the approval and its online tech is still going through rigorous testing.

Clearly, DFNN has been waiting for its opportunity in local online casino, having issued a public statement in November expressing commonality with the efforts of PAGCOR to stop unauthorized competitors of POGO.

DFNN emphasized the need for Filipinos to spend their money with only approved operators so that PAGCOR can make up for the loss of its POGO revenue that was once-lucrative.

In addition, PAGCOR’s recent list of POGOs that got clearance to start operations – meaning their Chinese workforce has been vetted by immigration officials and they have paid their taxes– had increased to 36, which is an increase of three than the previous number in September.

On the other hand, only a few out of these 36 have actually started operations, which leaves about 19 POGOs that haven’t gotten their clearance. That is if they still want it.

Source: https://calvinayre.com/2020/12/08/business/dfnn-philippine-online-gambling-locals-license/

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