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DFNN Inc. bags US POGO deal

/ 09:51 AM October 18, 2019

MANILA, Philippines – A unit of gaming technology firm DFNN Inc. has bagged a Philippine Offshore Gaming Operations (POGO) service deal with AutoLotto Inc., a pioneering US mobile lottery service provider.

This allows DFNN, through subsidiary Nico Bayan Inc., to expand its POGO business that does not rely on the Chinese market.

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At the Global Gaming Expo in Las Vegas, Nico Bayan executed an agreement with AutoLotto.

Under the deal, Nico Bayan Inc. will provide live streaming services for Lottery.com as a POGO service provider, DFNN disclosed to the Philippine Stock Exchange on Friday.

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Based in San Francisco, the AutoLotto app is available in the US nationwide with lottery ticket scanning and tracking abilities.

POGO refers to an entity that offers and participates in offshore gaming services by providing games to players, taking bets, and paying the winning players.

Covered activities are online games of chance through the internet, using a network and software, exclusively for offshore-authorized players who have registered and established an online gaming account.

Filipino citizens, even while overseas, are not allowed to play.

The POGO framework also covers service providers that provide the various components of gaming operations, such as the gaming software provider, business outsourcing provider, and content streaming provider.

These providers also need to secure a PAGCOR license. /gsg

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TAGS: business news, DFNN, Pogo, PSE, US
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