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DFNN shares climb on online license grant – The Manila Times

Listed DFNN Inc. saw its shares soar last week, following its recent announcement of securing a license from the Philippine Gaming and Amusement Corp. (Pagcor) to operate its online gaming platform. The shares of DFNN gained 16 centavos or 2.91 percent to close at P5.66 apiece on Friday, prompting the stock to improve by 26-percent week-on-week. AAA Equities head of research Christopher Mangun said the company’s shares got a boost after Pagcor granted its subsidiary a license to operate an online gaming platform. Last week, DFNN announced that its subsidiary, Inter-Active Entertainment Solutions Technologies Incorporated (IEST), received the country’s first license to operate an online gaming platform.

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