Betfair in Philippines gaming deal?

The UK and Australian-based Betfair online gambling group has been given an opportunity to expand into the Pacific Ring market following an offer from Manila, Philippines-based Diversified Financial Network Inc.(DFNN), reports the Philippine Daily Inquirer. DFNN reported to the Philippine Stock Exchange that it has offered Betfair an option to purchase up to 40 percent […]

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Mon, August 23rd, 2010

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  • Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.
  • Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.