The chairman of Philippines-listed online gaming operator DigiPlus Interactive Corp, Eusebio Tanco, says the firm’s proposed move to control a land-based casino operation in Manila will contribute to the group’s long-term success.
Mr Tanco said in a company press release on Tuesday, referring to the targeted casino, part of the New Coast Hotel Manila: “This move marks a defining step toward DigiPlus’ long-term goal to create the most innovative and enjoyable experiences through an entertainment ecosystem.’
He added that would be “powered by cutting-edge technology and localised products for different cultures”.
Mr Tanco further noted: “Through this transaction, we are expanding our omnipresent ecosystem – bridging digital innovation with real-world experiences – to create a new era of entertainment that is engaging, responsible, and globally competitive.”
Hong Kong-listed International Entertainment Corp, the parent company of New Coast Hotel Manila, announced on Monday that it had reached an agreement with DigiPlus for the latter to subscribe to International Entertainment convertible notes worth HKD1.60 billion (US$205.8 million).
Once fully converted, the notes would give DigiPlus a 53.89 percent stake in International Entertainment based on the enlarged share capital.
In its Tuesday press release, DigiPlus said the exercise would add a “strategic offline platform that seamlessly connects with its digital network, enhancing brand activation, player engagement, and customer experience across both physical and online touchpoints.”
It added: “The potential acquisition allows DigiPlus to optimise its group structure by combining International Entertainment’s expertise in hospitality and gaming management with DigiPlus’ leadership in digital entertainment and technology.”
The Philippine-listed company said that the subscription to the convertible notes would be issued in two tranches.
It stated: “The first tranche, amounting to HKD800 million, will be completed upon satisfaction of customary conditions. The remainder will comprise the second tranche, which will follow within three months of the first completion, subject to mutually agreed terms between the parties.”
DigiPlus said the notes carried an interest rate of 3 percent per annum. If the firm chose not to convert them, the notes would “instead be redeemable at 108 percent at the end of their five-year maturity”.
New Coast Hotel Manila currently offers 203 rooms and operates 96 gaming tables, 495 slot machines, and a range of other gaming amenities, said DigiPlus.
“The complex is currently under renovation, with the casino expected to be completed in January 2026 and the hotel by the third quarter of 2026,” it added.
