DigiPlus Interactive Corp. is reportedly in talks to acquire the Diamond Hotel Philippines in Manila, as the online gambling firm moves to consolidate a major integrated resort development along Manila Bay.
According to a report by local media outlet Insider PH, the company, chaired by Eusebio Tanco, has offered a multibillion-peso sum for the five-star waterfront property, which is part of the private portfolio of Ramon S. Ang, chairman and chief executive of Philippine conglomerate San Miguel Corp. The report cited several insiders who confirmed the discussions, though one source noted that Ang has rebuffed multiple offers for the hotel to date. Recent talks have centered on pricing, with a potential deal expected to deliver Ang a significant return over his original purchase price.
The Diamond Hotel Philippines sits on a seafront lot along Roxas Boulevard in the Malate district, overlooking Manila Bay. The property features around 480 rooms and suites and was originally constructed by Japan’s Shimizu Corp., opening in the early 1990s with Japanese operational involvement.
DigiPlus, known for popular gambling platforms BingoPlus and ArenaPlus, is separately closing its acquisition of International Entertainment Corp. (IEC), the Hong Kong-listed company that operates New Coast Hotel Manila, formerly the Hyatt Regency Hotel & Casino Manila, located on an adjacent block to Diamond Hotel along the Manila Bay corridor. Acquiring Diamond Hotel would allow DigiPlus to consolidate both properties into a single contiguous Manila Bay site. The two hotels are already connected by a roof bridge, making the expansion logistically straightforward.
DigiPlus is in the process of acquiring IEC through a convertible notes deal totalling 1.6 billion Hong Kong dollars ($205.1 million). The first tranche of 800 million Hong Kong dollars ($102.6 million) was completed on March 3rd, 2026, with a second tranche of equal value expected to follow within three months. IEC holds a provisional license from the Philippine Amusement and Gaming Corp. (PAGCOR) to develop and operate an integrated casino resort in Manila until 2033 and has committed to invest between $1 billion and $1.2 billion to expand its operations.
DigiPlus’s financial position appears capable of supporting the ambition. The company posted a full-year 2025 net income of PHP12.6 billion ($220 million), broadly stable year-on-year, while revenue rose 12 percent to PHP84.2 billion ($1.47 billion). Its cash position grew nearly 70 percent to PHP23.4 billion ($408 million) as of the end of 2025.
The Manila Bay corridor has attracted growing redevelopment interest in recent years, with Diamond Hotel’s seafront location and land footprint adding to its strategic value for gaming and hospitality operators.
