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DJI Holdings will now be known as BNN Technology
CHINESE LOTTERY OPERATOR IN IDENTITY CHANGE.
UK-based DJI Holdings will now be known as BNN Technology.
Chinese lottery operator DJI Holdings has announced a change in its corporate identity to better reflect the company’s broader services.
The Cheshire-headquartered group will henceforth be known as BNN Technology as the company transitions to being a technology platform provider for mobile payments, mobile content and data management to consumers throughout China, while preparing for a dual-listing on Nasdaq.
NewNet, which represents DJI’s technology platform and marketing resources in China, is making an undisclosed cash and asset investment to acquire a 10 percent shareholding in the group’s trading partner Xinhuatong, which is the exclusive provider of mobile payments, information and other key services to the Xinhua News Mobile App owned by China’s national news agency.
DJI, as the technology platform provider to NewNet, is expected to benefit from enhanced revenues and profits as a result of NewNet’s stronger partnership with Xinhuatong.
Darren Mercer, CEO of DJI Holdings, said:
"We believe completing the pivot to a technology company will add substantial shareholder value as we enter high growth, multibillion dollar markets in China.
“NewNet’s investment in Xinhuatong further secures a long term partnership in which we are one of the leading technology providers to the company, allowing us to benefit from its strong commercial relationships in major industries such as insurance and other key financial services markets.
“Xinhuatong has the exclusive rights to provide payment processing facilities within the Xinhua News Mobile App and is in the process of applying for a national payment processing license.
"Upon a successful application, the benefits to our company will be significant, not only in allowing us to participate in one of China’s largest industries, but also to substantially increase the net margin across our platform."
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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