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DFNN to introduce e-sabong in Philippines
Friday 7th of May 2021
Philippines-listed gaming provider DFNN Group announced on Thursday it will be introducing e-sabong (online cockfighting) as new gaming content under license from the Philippine Amusement and Gaming Corporation (PAGCOR).
In a filing to the Philippines Stock Exchange, DFNN said it will take on this new vertical through an affiliate, which currently provides RNG Games, Virtuals, and Live Dealer Content, focused on the “Single-Event, Multi-Player” Format.
“This will enable the Group to deploy and realize value from e-sabong and funnel legal revenues to the government amid the proliferation of unregulated e-sabong on various social media platforms,” said the company.
Earlier this week, Pagcor chairwoman Andrea Domingo noted the importance of e-sabong to bolster the country’s gaming revenues which took a strong hit in 2020.
“It’s very important to keep up with the fast-paced shift into the digital landscape. We have introduced ‘Live Shots’ which means online betting but only for VIP players in integrated resorts and casinos. Another breakthrough this year, under demand from the Office of the President is e-sabong. Sabong is cockfighting, and is a national sport in the Philippines and a very popular local gaming activity. With these, we hope to be able to raise $3 billion pesos in revenues this year,” said Domingo.
Company release
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