Inter-Active Entertainment Solutions Technologies, Inc. (IEST), a subsidiary of DFNN Inc., is a notable entity in the online gaming industry, particularly in the Philippines. Here is an overview of its offerings and contributions to the gaming sector:
Background and Regulatory Compliance: Incorporated in 2004, IEST is a Philippine Amusement and Gaming Corporation (PAGCOR) regulated and approved gaming content provider. As a holder of multiple gaming licenses, IEST is authorized to create and supply a proprietary system and technology platform within partnered gaming outlets. This regulatory compliance ensures that IEST operates within the legal frameworks of the gaming industry, contributing to its credibility and reliability as a service provider
Gaming Portfolio and Technologies: IEST offers various gaming technologies under its licenses, including products like Instawin and Xchangebet. These products are valid until 2033 and are adaptable for multiple platforms, including computer terminals and mobile devices, catering to a broad audience. Additionally, IEST has bolstered its gaming portfolio through a partnership with game developer Spadegaming, introducing 71 new games, including popular titles like 168 Fortunes and FaFaFa. These games complement IEST’s electronic casino platform, Instawin, which recently expanded with nine new games approved by PAGCOR
Digital Platform and Revenue Generation: IEST’s InPlay.ph platform has been a successful venture, generating significant gross gaming revenues. For instance, in the first half of 2021, IEST generated P113.9 million in gross gaming revenues. InPlay.ph, a legal domestic gaming platform, offers over 500 games and has seen gross bets totaling P2.5 billion, contributing substantially to the parent company’s total revenues. This platform is noted for its reliability, convenience, full confidentiality, and 24/7 customer service, making it a preferred choice for online gamers
Response to Market Trends and Future Prospects: The rise of online gaming, accelerated by the COVID-19 pandemic, has positioned companies like IEST to tap into new opportunities in the digital landscape. Recognizing the shift in customer preferences and the need for legal and secure online gambling options, IEST’s technology-driven approach is geared towards regenerating government revenues and combating illegal online gambling. The company holds licenses for various gaming formats, including electronic gaming machines, sports betting exchange, and pari-mutuel games, indicating its readiness to expand and innovate in the gaming sector
In summary, IEST stands as a key player in the online gaming industry in the Philippines, offering a diverse range of gaming technologies and platforms. With its commitment to legal compliance, innovative gaming solutions, and a responsive approach to market trends, IEST is well-positioned to continue its growth and impact in the digital entertainment and gaming industry.
