(1888PressRelease)
June 17, 2009 - eCagayan Gaming Inc., and its workforce are the pioneers in online gaming industry that developed the first online agency system and rolling chip commission system for the Live Gaming industry in the field of Live Online Casino gaming having the facilities of Live-Dealer-Technology.
eCagayan’s live gaming expert team is the first who brought live gaming product to Asia as early as 2002, sparking a new business model followed by many operators. eCagayan Gaming Inc., has also developed a ready suite of three basic Live Online games which are: Live Bacarrat, Live Sicbo and Live Roulette that can be readily deployed fast rollout. These all live-dealer games are established to specifically to serve the Asian Online Gaming market.
On the other hand, Pacific Gaming Investments Pte Ltd (PGI) is a majority owned subsidiary of the Philippine Listed IT Company DFNN. DFNN, has recently accepted the offer of Fastech Synergy Ltd, a listed firm on the main board of the Singapore Stock Exchange for the acquisition of all the shares owned by DFNN in PGI - effectively paving the shareholders of PGI to be part of a main board Singapore listed firm, subject to approval by the regulators."
As my previous involvement in the gaming companies such as BossMedia and GamingVC, I believe in the future growth of the legalized gaming industry in Asia. I look forward to cementing other strategic alliances in the Asian Gaming arena such as this software distribution agreement" stated Mr. Per Gustafsson,. CEO of Pacific Gaming Investments Pte. Ltd.
“Since I have been working to bring Live Gaming technology to Asia in 2002, online casino players in Asia and has transformed Live Online casino from a novelty product to a commodity product. It’s now a product that cannot be omitted if a gaming company would like to be successful in their online presence in the Asian market. We are absolutely delighted to announce that an established company like PGI is working with us to distribute our Live Gaming products to their existing customers and partners. We believe that PGI and their customers will greatly benefit from the co-operation between our companies as there are great synergies involved in the partnership” stated Mr. Kelvin Lai, CEO of eCagayan Gaming Inc.
Having these two well established companies’ in the field of Software and Gaming venture into one development is truly something to look forward too. This is another proof of the rising industry in Live-Dealer Technology of Online Casino not just in Asia but and all over the world.
About Pacific Gaming Investments Pte Ltd.:
Diversified Financial Network Inc. (DFNN) DFNN is a leading IT solutions provider and systems integrator, enabling its customers to compete in an increasingly technology dependent environment since 1999. Backed by its domain expertise in financial services, the company has become a proprietary software technology, wireless, and secure solutions partner of leading corporations and institutions. It was one of the first listed Information Technology (IT) companies on the Philippine Stock Exchange and was deemed one of the Philippines' Best Managed Companies by Finance Asia in 2001.
Pacific Gaming Investments Pte Ltd. (PGI) is the Singapore registered and majority owned subsidiary of Diversified Financial Network Inc. which is listed on the Philippine Stock Exchange. PGI is a company involved in actively bringing investments, technology and gaming solutions to its partners and the regulated gaming jurisdictions of Asia. Through its subsidiaries and affiliated companies, PGI provides technologies and gaming content through multi year contracts to legal & regulated gaming markets.
PGI is paid as a percentage of gross bets or net gaming for the provision of its systems, technologies and content. Many of the technologies provided to its clients are derived from a mix of its parent company's software solutions for the financial industry and the proprietary systems and know how from its management team which have an extensive experience working in listed European Gaming Companies. PGI has a strong recurring revenue model which should allow it to be able to expand its reach as Asia continues its legalization and regulation of its gaming markets.
About eCagayan Gaming Inc.:
eCagayan Gaming is a fully licensed member of FCLRC (First Cagayan Leisure and Resort Corporation) First Cagayan is a corporation duly organized and existing under and by virtue of the laws of the Republic of the Philippines. FCLRC is at the forefront of the development of the gaming infrastructure in the Zone pursuant to Section 6 (f) of Republic Act No. 7922 (Cagayan Special Economic Zone Act.)
eCagayan Gaming operators and entities operating in the Zone enjoys numerous benefits and incentives inherent in CEZA (Cagayan Economic Zone Authority) registered enterprises - including the potential of positioning themselves as lead players in the Zone's ensuing global connectivity. ECG is licensed by CEZA to provide online gaming software solutions to both Online Casinos and Sports Books. CEZA through First Cagayan accords gaming operators the chance to become part of a promising business environment, and provides a well-situated base to penetrate the gaming markets of the Asia-Pacific Region and the rest of the world.
eCagayan is based in the most reputable jurisdiction of Live Online Gaming the Philippines; and have been in this industry for many years. eCagayan Gaming offers complete live online gaming solutions, marketing consultancy services, design and development of customized live-dealer games and payment solutions services. eCagayan Gaming’s products also include services such as the provision of a back-office administration and reporting system, multilingual customer service support, infrastructure support, technical operations services and online casino management services.
###
