Philippine electronic gaming operator DFNN has reportedly received the first online gambling license that will allow local residents – at least, those with deep pockets – to legally bet online. 

On Monday, Asia Gaming Brief broke the news that Philippine-listed DFNN was the first recipient of the new locals-focused online gambling licenses issued by the Philippine Amusement and Gaming Corporation (PAGCOR). Investors liked what they heard, pushing DFNN’s shares up over 41%.  

DFNN CEO Calvin Lim said the new InPlay.ph online casino will be limited to VIP players only, at least to start, with strict know-your-customer protocols to ensure locals have the necessary wherewithal to responsibly enjoy online gambling from the comfort of home.  

Inplay will be run by DFNN’s Inter-Active Entertainment Solutions (IEST) subsidiary, which has a long history as a PAGCOR-licensed supplier of land-based electronic gaming technology through the Instawin (online casino) and Xchangebet (peer-to-peer sports betting) brands. These eGames are offered to local residents through computer terminals in a wide network of eCafes.