Tech firm DFNN sees tripling of gaming revenue by 2016

By Leslie D. Venzon

MANILA, Oct. 30 (PNA) — Listed technology solutions provider DFNN Inc. expects gaming revenue to increase three-fold next year as it triples the growth of electronic gaming machines (EGM) terminals in the country and mulls acquiring allied businesses.

“As of third quarter (of 2015), we are already at 1,225 terminals. We are pretty close to our budget so we feel that we can definitely make it and hopefully expand upon it. Next year, we are targeting maybe 4,000 to 5,000 terminals footprint,” said DFNN chief executive officer and president Ramon Garcia Jr. in an interview.

The company generated a whopping 474-percent increase in gross gaming revenue (GRR) of Php117.7 million from January to September from the 1,225 EGM terminals located in 75 sites nationwide.

With the target 5,000 terminals, its gaming revenue can reach Php480 million during the same nine-month period next year.

“Definitely, we will try to outdo ourselves in 2016. We will continue rolling out (gaming) sites literally every week… We are looking at expanding into locations that we call unserved or maybe underserved,” said DFNN chief operating officer Ricky Banaag.

Banaag believed that the improved gaming environment in the country could boost its continued expansion growth.

He also bared that DFNN has launched virtual sports and betting exchange platforms, a new complementary gaming solution for its existing EGMs with the Instawin platform.

“Right now, it is really continuing to develop and enhance the solutions across our gaming assets. The sports betting or betting exchange offering I think, what’s next for us is to get that live so that we will have all our gaming assets in operation by the end of the year,” he added.

Meanwhile, Garcia stressed the company is studying at the possibility of acquiring allied businesses.

“There are number of items we are looking at but nothing concrete. But we are open to acquiring some companies within the gaming space or (those) beneficial to our gaming industry,” he said.

Garcia further said they are keen to partner with companies which will improve their technology and payment solution capabilities.

”Some of our subsidiaries are already in that (payment platform) space. We may expand our capabilities to integrate within our gaming (platform),” he added. (PNA)