Tag: philippines

Betfair eyes up filipino

Having made its first major move into the Asian gaming market last year with an agreement to provide IT solutions to Interactive Entertainment Solutions Technologies (IEST), operator of a betting exchange in the Philippines, Betfair has now been offered a 40 per cent stake in IEST worth US$15m by Philippines-based Diversified Financial Network Inc (DFNN).

DFNN notified the Philippine Stock Exchange this week that IEST and Betfair had defined an option agreement for Betfair to acquire a 40 per cent …