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IEST Enters Asian Market

PHILIPPINES – As reported by the INQ7.net: "After being granted the government license to operate the first Philippine-based online sports betting exchange, local startup Inter-active Entertainment Solutions Technologies (IEST) is set to make a splash in the Asian market estimated to be worth one billion dollars, a company executive told INQ7.net.

"…IEST is considered the licensed technology provider of the Philippine Amusement and Gaming Corp. (PAGCOR), which has granted license to the local company to run this online sports betting exchange in the country, according to Emil dela Cruz, officer-in-charge of IEST in an interview.

"…Projecting to make 5 million pesos in revenues on its first year of operations (mainly from commissions it will collect from winning bets), xchangebet.com will require people to register…"

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