Good morning. The squeaky wheel gets the grease. DigiPlus revived its $87 million share buyback just three days after Juroszek-linked foundations — holding a mere 1.4 percent — publicly pressed the board to favor repurchases over fresh land-based investment. The activists argue the stock trades at a fraction of peer valuations, with $325 million in cash and virtually no debt behind it. Meanwhile, in the US, Genting Americas’ new $2 billion facility has lifted refinancing risk off Empire Resorts and earned a brief S&P upgrade, though the agency cautions that heavy construction risks still loom over the downstate New York casino.
What you need to know
- DigiPlus revived its $87 million share buyback for another 12 months, just three days after Juroszek-linked investors urged the board to act.
- Genting Americas’ $2 billion facility removes Empire’s refinancing risk, but S&P says weak cash flow and New York construction risks remain.
On the radar
- IMF upgrades China 2026 growth to 4.6%, but Asia-Pacific picture diverges.
- Macau requires new taxi operators to adopt approved ride apps.
- Marina Bay Sands appoints Angelita Teo as VP of Attractions.
- PhilWeb secures exclusive Pragmatic Play gaming services partnership.
- Malaysian police seize $323,000 in crypto in World Cup betting crackdown.
AGB Intelligence
PHILIPPINES
DigiPlus answers shareholder call with $87 million buyback
DigiPlus Interactive has revived its share buyback program with a budget of PHP5.36 billion ($87 million), three days after foundations tied to Poland’s Juroszek family urged the board to prioritize repurchases over new land-based investments. The 12-month authorization takes effect July 9th, following the expiry of the previous program on July 4th. The foundations, holding about 1.4 percent of the company, argued DigiPlus trades at roughly one-third of the peer median valuation despite strong cash flow.
Industry Updates
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Corporate Spotlight
How Crypto Adoption in Asia is Changing iGaming Payments
Yevhen Krazhan, CSO at GR8 Tech, explores how surging crypto adoption across Asia is revolutionizing iGaming payments, stating: “When I look at what’s changing fastest in Asia, it’s payment behavior,” as wallets, stablecoins, and seamless cross-border transfers become deeply ingrained in player habits. The winning operators will be those that offer fast, reliable, and local deposits and withdrawals. To make sense of it, Yevhen breaks Asia into two crypto realities.
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