DigiPlus Interactive Corp. Chairman Eusebio Tanco has purchased 1.4 percent of the company’s total issued and outstanding shares in what the company calls a reflection of his ‘strong conviction in DigiPlus’ disciplined growth strategy’.
In a Monday notice, the company highlighted that Tanco has purchased nearly 63.12 million more shares as the group ‘accelerates the scale of its platforms’[…] built specifically for the Philippine market’.
Speaking of the purchase, the executive noted in a release that “DigiPlus is entering an exciting phase of growth […] I firmly believe in our ability to capture the significant opportunities ahead and deliver enduring value to our shareholders. The fundamentals of the digital entertainment industry remain strong, and DigiPlus is well-positioned to lead”.
DigiPlus announced in December that it was regaining momentum in its online gaming business amongst recent increases in oversight of the sector and even calls for the total ban of legal online gaming in the Philippines.
In November of last year, the company indicated a 59 percent drop in net income for 3Q25, to PHP1.71 billion ($29.1 million) amongst a 23 percent contraction in revenue to PHP19.05 billion ($325 million) and a EBITDA fall of 55 percent to PHP2 billion ($34.1 million).
The company at the time attributed the declines to ‘temporary disruptions in player activity and transaction volumes’. The drop followed the mandate by the Philippines central bank BSP in August of last year that e-wallet providers delink in-app access to licensed gaming sites.
But DigiPlus isn’t only focusing on the online segment, with its indirect takeover of International Entertainment Corporation (IEC) bringing the New Coast Hotel Manila integrated resort into its portfolio of offerings. The shift cements DigiPlus’ O2O (online-to-offline) integration, particularly as New Coast Manila holds a reopening after renovation works in July of this year.
