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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."

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Gambling News :

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

Netent Mega Fortune Pays Euro 4.9 million - #NetEnt progressive slot Mega Fortune has delivered another instant millionaire, this one an anonymous Norwegian online punter wagering on the Betsson.com website.

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