Philippine retail gaming provider DigiPlus Interactive Corp has stated that its operations will remain unaffected by the announced ban on offshore online gaming operators in the country.
DigiPlus, listed on the Philippines Stock Exchange, runs gaming and leisure businesses, including digital bingo and a digital sportsbook platform.
After Philippine President Ferdinand Marcos Jr. announced a ban on the Philippine Offshore Gaming Operators (POGOs), DigiPlus President Andy Tsui stated on Tuesday, “DigiPlus is not a POGO or an Internet Gaming Licensee (IGLs) as defined under Philippine laws.”
DigiPlus noted that Philippine local gaming operators like them must establish physical gaming sites within the country before launching their digital gaming platforms, ensuring that all clients within the Philippine territory can access their services.
‘In 2023, DigiPlus paid PHP13.1 billion ($223 million) in taxes to the Philippine government. It provides jobs to over 2,000 employees in different parts of the country. DigiPlus allocated over PHP100 million ($1.7 million) towards corporate social responsibility projects under the BingoPlus Foundation,’ mentioned the statement.
For 1Q24, the company posted a net income of PHP2 billion ($35 million), marking a 358 percent increase from 2023.
In 2023, DigiPlus reported PHP4.1 billion ($73 million) in net income, marking a more than 596 percent increase from the previous year.
