{"id":2608,"date":"2010-08-24T20:46:21","date_gmt":"2010-08-24T19:46:21","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=2608"},"modified":"2012-05-01T19:02:03","modified_gmt":"2012-05-01T18:02:03","slug":"betfair-eyes-up-filipino","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2010\/08\/24\/betfair-eyes-up-filipino\/","title":{"rendered":"Betfair eyes up filipino"},"content":{"rendered":"

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).<\/p>\n

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 stake in the company at a\u00a0value\u00a0of $15m. DFNN told the Philippine Stock Exchange that Betfair\u2019s option to acquire the stake is valid until August 19th 2011 and may be exercised at any time before expiry.<\/p>\n

IEST is a unit of Pacific Gaming Investments Pte Ltd, owned by Diversified Financial Network Inc – a leading IT solutions provider in the Philippines.<\/p>\n

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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). […]<\/p>\n

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