Online Casino Style: News - Possible Strategizing by Betfair

09/04/2010		Online Casino Style - News: Possible Strategizing by Betfair
Home History Games News Dictionary		The announcement that the state-run Philippine online gambling corporation is considering privatization rocked the internet casino news forums last month, with the eye turning now to the South Asia islands as some major contenders perhaps prepare for a big should the President decide to follow through with putting PAGCOR on the market. This week, Betfair looked into an opportunity that could see the internet casino group moving into the Pacific Ring, an expansion that could well be the first step in prepping them for a bid on the PAGCOR action. For now, the company was unwilling to comment on such a possibility, confirming only that they had received an offer from the Diversified Financial Network Inc.(DFNN), based out of Manila. According to a report by the Philippine Daily Inquirer, DFNN offered up a huge portion of their company for purchase to Betfair, putting forth an option that would give the online gambling firm 40 percent share in DFNN’s gaming subsidiary, Interactive Entertainment Solutions Technologies. The price tag for such a deal came to a very affordable $15 million, a steal of a number based on the enterprise’s market value. The offer has not yet been taken, and still sites on the table, with an expiration date of August of 2011. One might wonder why DFNN would pursue looking for a partner with whom to sell such a big portion to, and the answer is in the finding of a strategic partner for their region in the Philippines; the company is looking to establish for themselves a powerful ally in the online gambling world, as Asia becomes the next big thing, following in the footsteps of Europe and even Australia.

09/04/2010

Online Casino Style - News:
Possible Strategizing by Betfair

The announcement that the state-run Philippine online gambling corporation is considering privatization rocked the internet casino news forums last month, with the eye turning now to the South Asia islands as some major contenders perhaps prepare for a big should the President decide to follow through with putting PAGCOR on the market. This week, Betfair looked into an opportunity that could see the internet casino group moving into the Pacific Ring, an expansion that could well be the first step in prepping them for a bid on the PAGCOR action.

For now, the company was unwilling to comment on such a possibility, confirming only that they had received an offer from the Diversified Financial Network Inc.(DFNN), based out of Manila. According to a report by the Philippine Daily Inquirer, DFNN offered up a huge portion of their company for purchase to Betfair, putting forth an option that would give the online gambling firm 40 percent share in DFNN’s gaming subsidiary, Interactive Entertainment Solutions Technologies. The price tag for such a deal came to a very affordable $15 million, a steal of a number based on the enterprise’s market value.

The offer has not yet been taken, and still sites on the table, with an expiration date of August of 2011. One might wonder why DFNN would pursue looking for a partner with whom to sell such a big portion to, and the answer is in the finding of a strategic partner for their region in the Philippines; the company is looking to establish for themselves a powerful ally in the online gambling world, as Asia becomes the next big thing, following in the footsteps of Europe and even Australia.