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Manila Bulletin devider Business devider Pagcor grants DFNN online gaming license

Pagcor grants DFNN online gaming license

Published Dec 9, 2020 05:30 am

Publicly-listed DFNN Inc., through its subsidiary Inter-Active Entertainment Solutions Technologies Incorporated (IEST), has been granted by the Philippine Gaming and Amusement Corporation (Pagcor) the country’s first license to operate an online gaming platform.

IEST is the owner and operator of multiple gaming PAGCOR licenses which provides betting and gaming technologies as well as create and supply proprietary systems and technology platform inside partnered gaming outlets.

(Photo credit: https://dfnn.com/)

InPlay, IEST’s new remote gaming platform, has been developed to be an extension of its current land-based system allowing a certain part of gaming take place in the privacy of the client’s own home.

However, this service is only available to VIP players who must meet strict eligibility and registration procedures as well as rigid KYC protocols; including a two-way video call, personal registration and fund deposit & withdrawal at the outlet.

DFNN’s suite of technology capabilities guarantee that all these security protocols are successfully executed. 

Aside from providing a remote gaming capability, InPlay represents a significant measure towards regenerating revenues for the government.

DFNN Chief Executive Calvin Lim said, “The main focus now should be combating illegals and the industry should work in unison to do so. Illegal online casino has been flourishing, becoming so creative as to engage agents/affiliates in order to differentiate themselves by forming clubs to recruit players. In many countries, both online and land-based, gaming has co-existed for many years and all remained profitable.” 

A simple search on social media will give anyone access to countless old and newly created groups with some even having close to 200,000 members.

“So many people have been scammed falling prey to identity theft and credit card fraud by illegal operators using social media platforms, even plastering the logos of government agencies such as DTI, DOF and PAGCOR to lure players. Anything illegal is unsafe and detrimental to the economy,” DFNN said. 

It added that, “These illegal operators take the government’s business and revenue allotted for charity and various free social services. Worse, it siphons money overseas to the detriment of the economy taking away much needed aid for indigent Filipinos.”

“The advent of InPlay, an extremely regulated gaming platform with high-end technological capabilities to ensure legal and secure transactions, will provide the government with much-needed revenue and greatly help the government fight the proliferation of illegal online gaming while keeping high standards technology-wise,” the firm said.

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