• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 29 September 2023
    IAG
    Advertisement
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
      • Africa
      • Australia
      • Cambodia
      • China
      • CNMI
      • Europe
      • Hong Kong
      • India
      • Japan
      • Laos
      • Latin America
      • Malaysia
      • Macau
      • Nepal
      • New Zealand
      • North America
      • North Korea
      • Philippines
      • Russia
      • Singapore
      • South Korea
      • Sri Lanka
      • Thailand
      • Vietnam
    • Events
    • Consulting
    • Contributors
    • SUBSCRIBE FREE
    No Result
    View All Result
    IAG
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
      • Africa
      • Australia
      • Cambodia
      • China
      • CNMI
      • Europe
      • Hong Kong
      • India
      • Japan
      • Laos
      • Latin America
      • Malaysia
      • Macau
      • Nepal
      • New Zealand
      • North America
      • North Korea
      • Philippines
      • Russia
      • Singapore
      • South Korea
      • Sri Lanka
      • Thailand
      • Vietnam
    • Events
    • Consulting
    • Contributors
    • SUBSCRIBE FREE
    No Result
    View All Result
    IAG
    No Result
    View All Result

    Philippines gaming technology firm DFNN posts record revenue, EBITDA through September

    Newsdesk by Newsdesk
    Tue 15 Nov 2022 at 12:17
    Philippines’ maiden PIGO platform generates GGR of US$2.3 million in first six months of operation

    Makati, Philippines

    17
    SHARES
    422
    VIEWS
    Print Friendly, PDF & Email

    Philippines gaming and technology group DFNN Inc says it posted its highest ever revenue and EBITDA in the nine months to 30 September 2022, with strong growth seen across all business segments.

    DFNN is leading IT solutions provider and systems integrator to the financial sector but also holds licenses for Electronic Gaming Machines (EGMs), operates a sports betting exchange, and runs digit and pari-mutuel games in partnership with gaming regulator PAGCOR. Its operations include the provision of the Philippines’ first platform for the local PIGO industry, InPlay.ph.

    According to the company’s quarterly report, DFNN reported its highest ever revenue for the nine months through 30 September to Php970.6 million, up 173% year-on-year.

    EBITDA was also a record Php258.8 million, reversing a Php65.2 million loss in the prior year period, with net income growing 216% to Php140.4 million.

    “This a direct effect of the significant increase in the operations of all the company’s technology platforms,” it said.

    DFNN said revenue from share-based income generated from interactive operations increased by 204% to Php888.9 million, from the development and maintenance of software solutions by 31% to Php68.7 million and from sales of software and application licenses by 21.2% to Php13.0 million.

    “Thus, all areas of the DFNN Group’s businesses exhibited a growth trend even in a challenging high inflationary environment,” the company said.

    DFNN President and CEO Calvin Lim added, “The DFNN Group’s consistent revenue growth is a testament to our highly effective business strategy that focuses on a robust digital platform. Our efforts towards innovation will continue as we go head-to-head on another challenging year fighting inflation and other economic headwinds.”

    RelatedPosts

    More fun in the Philippines

    More fun in the Philippines

    Fri 29 Sep 2023 at 05:25
    FBM is launching consecutive October promotions in the Philippines via “Octoberific Prize Fest” and “Scratch N’ Boom”

    FBM is launching consecutive October promotions in the Philippines via “Octoberific Prize Fest” and “Scratch N’ Boom”

    Fri 29 Sep 2023 at 05:19
    IEC issues profit warning on widened losses through December 2021

    Hong Kong’s International Entertainment Corp to spend up to US$1.2 billion on new Manila integrated resort with casino

    Thu 28 Sep 2023 at 05:45
    Macau GGR climbs to MOP$15.57 billion in May

    New junket cap unlikely to be filled with only 15 of Macau’s licensed junkets currently operational, experts say

    Wed 27 Sep 2023 at 04:28
    Load More
    Tags: DFNNGaminggaming technologyPAGCORPhilippines
    Share7Share1
    Newsdesk

    Newsdesk

    The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

    Current Issue

    Editorial – Remote control

    Editorial – Remote control

    by Ben Blaschke
    Fri 29 Sep 2023 at 05:38

    In the often-murky world of Asia’s online gaming scene, where regulated markets are few and far between, the Philippines is...

    More fun in the Philippines

    More fun in the Philippines

    by Ben Blaschke
    Fri 29 Sep 2023 at 05:25

    Industry suppliers are relocating their offices to the Philippines and expanding their local workforce to take advantage of the fastest...

    Together again

    Together again

    by Ben Blaschke
    Fri 29 Sep 2023 at 04:00

    IAG hosted its inaugural “Super September” series, comprising Manila After Dark, the IAG Academy Summit and IAG Academy IR Awards,...

    Lessons learned

    by Jeremy Walker
    Fri 29 Sep 2023 at 03:19

    Thailand is searching for an economic cure, and comprehensive entertainment facilities could be part of the solution – but only...

    Softswiss
    Evolution Asia
    Aristocrat
    Solaire
    Evoplay
    Hann
    Hann
    Okada Manila
    BETER
    Okada Manila

    Related Posts

    Two-day Japan IR Online Forum to start today

    Tokyo police arrest two men linked to payment processing firm for assisting online gambling

    by Newsdesk
    Fri 29 Sep 2023 at 05:53

    Japan appears to be stepping up efforts to crack down on online gambling after two men were arrested for “assisting habitual gambling” via their work with a payment systems company. Tokyo media outlet Yomiuri Shimbun reports that the arrested men...

    Online crypto casino Bets.io adds sports betting via SOFTSWISS Sportsbook partnership

    Online crypto casino Bets.io adds sports betting via SOFTSWISS Sportsbook partnership

    by Newsdesk
    Fri 29 Sep 2023 at 05:34

    The SOFTSWISS Sportsbook sports betting platform said Thursday it has expanded its client network via a new agreement with online crypto casino Bets.io. Under the agreement, users of Bets.io have access to a vast selection of more than 200 sports,...

    FBM is launching consecutive October promotions in the Philippines via “Octoberific Prize Fest” and “Scratch N’ Boom”

    FBM is launching consecutive October promotions in the Philippines via “Octoberific Prize Fest” and “Scratch N’ Boom”

    by Newsdesk
    Fri 29 Sep 2023 at 05:19

    Gaming brand FBM has announced back-to-back promotional campaigns for its Philippines customers in October, including the “Octoberific Prize Fest” and “Scratch N’ Boom”. The “Octoberific Prize Fest” promotion includes three weekly draws followed by the Grand Draw, in which FBM...

    Far East given green light to spin-off and list Czech casino business on Hong Kong Stock Exchange

    Far East given green light to spin-off and list Czech casino business on Hong Kong Stock Exchange

    by Newsdesk
    Fri 29 Sep 2023 at 04:45

    Hong Kong real estate developer Far East Consortium International Ltd said this week it has received approval from the Hong Kong Stock Exchange to proceed with a spin-off of its Czech gaming business, Palasino Holdings. In a filing, Far East...



    IAG

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.

    • SUBSCRIBE FREE
    • NEWSFEED
    • MAG ARTICLES
    • VIDEO
    • OPINION
    • TAGS
    • REGIONAL
    • EVENTS
    • CONSULTING
    • CONTRIBUTORS
    • MAGAZINES
    • ABOUT
    • CONTACT
    • ADVERTISE

    No Result
    View All Result
    • Subscribe
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
    • Events
    • Contributors
    • Consulting
    • Magazines
    • Advertise
    • Contact
    • About

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.

    • English