DFNN, Inc. said on Monday that a gaming platform of its subsidiary Inter-Active Entertainment Solutions Technologies, Inc. (IEST) had added a new gaming partner.
The listed gaming and technology company said in a stock exchange disclosure that Inplay.ph, a gaming platform under IEST, recently added Spadegaming as a gaming partner.
DFNN said Spadegaming, based in Asia, creates Asian-themed games that fit the mobile and desktop platforms.
Spadegaming will initially launch 71 games including 168 Fortunes, Da Fu Xiao Fu, FaFaFa, Lucky Cai Shen, and Shanghai 008, which are seen to increase revenues for Inplay.ph.
The listed gaming firm also announced that IEST’s electronic casino platform Instawin gained approval from the Philippine Amusement and Gaming Corp. for the inclusion and launch of nine new games from Real Time Gaming.
“The games include popular titles such as Five Wishes, Achilles Deluxe, Epic Holiday Party, Frog Fortune, Vegas Luxe, Wild Hog Luau and Witchy Wins,” DFNN said.
“This is in addition to the also approved fourteen games from Triple Profit Games comprised of 88 Fortunes, 777 Dragons, 8 Dragons, DJ Rock, Fruity Fruit Farm, King of Fruits, Lucky Leprechaun, Sea World, Space Galaxy, TPG777, Vampire’s Feast, Fortune Hotpot and Tarot Deck,” it added.
DFNN posted a net loss of P32.91 million during the first quarter of 2021, a 48.9% increase year on year, caused by the closure of gaming operations due to the coronavirus disease 2019 (COVID-19) pandemic.
Revenues for the quarter dropped 42% year on year to P156.47 million from P269.81 million in 2020.
On Monday, shares of DFNN at the stock exchange rose 4.82% or 20 centavos to P4.35 apiece. — Revin Mikhael D. Ochave
