DFNN Gains Approval to Provide Online Casino Platform to Philippine Land-Based CasinosDFNN Gains Approval to Provide Online Casino Platform to Philippine Land-Based Casinos
Topping the latest news in the Philippine casino industry today is PAGCOR’s approval of DFNN’s license to offer online casino technology and gaming services. The platform however, is for exclusive use of land-based Philippine casinos only and different from the remote gaming technology in use by the network of e-cafes operating in the Philippines. . .
DFNN’s approval came a month after the Philippine Amusement and Gaming Corp. (PAGCOR) gave several of Manila’s integrated resorts (IRs) the go signal to offer online casino gaming to their respective clientele. The move aims to help the IRs cope with the continuing decline in land-based casino gaming as a result of the COVID-19 pandemic.
PAGCOR COO Alfredo Lim has confirmed that the applications of Solaire Resort and Casino, City of Dreams, Okada and Resorts World, to offer and provide online casino gaming in their Manila ventures, have all been approved.
The awarding of the first domestic online casino gaming technology license to DFNN does not come as a surprise as the IT solutions company is not new to the Philippine gambling industry. DFNN already holds numerous PAGCOR licenses for a variety of remote gambling technologies for Electronic Gaming Machines (EGMs), sportsbetting, pari-mutuel and digit games being provided by its affiliates and subsidiaries. .
However, PAGCOR has made it clear that the approval of online casino gaming in the domestic front is restricted to land-based casinos only. DFNN’s license to operate an online casino platform is likewise limited; denoting that it is not available to e-cafes looking to offer the IRs’ online casino products to the Filipino public.
DFNN Required to Restrict Its Online Gaming Platform to Casino VIPs Only
Days after news of PAGCOR’s approval of DFNN’s online casino gaming license, the multi-faceted IT solutions company gave further details about its forthcoming digital gaming platform. Being the first company to be awarded the license to provide the online casino platform with which Manila-based integrated resorts will offer their gambling products and services, its platform is under obligation to meet the stringent protocols prescribed by the international Anti-Money Laundering Laws. .
The first of which is the “know-your-customer” policy, a foremost prerequisite to allowing a casino customer to have access to online gaming platforms. That being the case, DFNN’s platform includes a two-way, video call support for tis registration and fund-deposit systems. While the remote gambling services will be offered to VIP customers, only those who will meet the eligibility and satisfy the registration requirements will be given access.
The company owns Inter-Active Entertainment Solutions and Technology, (IEST), a subsidiary that provides the betting and gaming platform for PAGCOR-approved e-casinos operating in numerous e-cafes in the Philippines, DFNN’s new online casino gaming license is different as its online casino platform will be exclusive to VIP casino customers only.
According to DFNN, IEST has developed a new remote gaming platform, for the specific purpose of giving VIP casino customers access to the casino gaming rooms of land-based casinos. That way they can gamble while in the comfort of their own homes even as the ban on junket tours are still up.
Apparently, “In Play,” IEST’s new gaming platform will be accessible in neighboring countries since much of the losses suffered by the Integrated Resort casinos are due to the absence of junket tours. The package travel tours are patronized by many wealthy Asians coming from China, Malaysia, Thailand and Brunei.
That is why PAGCOR Chairman Andrea Domingo is reaching out to other Asian governments to establish their own regulatory body as a way of uniting to fight against widespread illegal gambling.
PAGCOR licensed offshore online gambling operators (POGOs) can still offer remote casino gaming as there are technologies that allow them to operate via VIrtual Private Networks. VPNs offer secure and encrypted communications, as opposed to the public network in which Internet Service providers operate.
The mega888 online casino for one simply offers a proprietary APK that allows customers to download mobile gaming apps, after their identities have been verified.