Hong Kong-listed International Entertainment Ltd said on Tuesday that Philippines-licensed online gaming operator DigiPlus Interactive Corp has completed a second subscription to convertible notes in International Entertainment, to a value of HKD800 million (US$102.1 million).
International Entertainment is the controller of a Manila Bay, Philippines, casino hotel with a provisional gaming licence from the Philippine Amusement and Gaming Corp (Pagcor). The property, long known as New Coast Hotel Manila, is currently being promoted as LaVie Resort & Casino Manila.
Philippines-listed DigiPlus has subscribed to two tranches of International Entertainment’s convertible notes, to a principal amount of HKD1.60 billion.
The first HKD800-million tranche of convertible notes in International Entertainment was subscribed to by DigiPlus in March.
In April, International Entertainment said the proceeds from the first tranche had been used to settle fully, key debt obligations.
The total HKD1.60-billion package – if fully converted – would result in DigiPlus holding a 53.89-percent stake in International Entertainment.
Tuesday’s filing stated that “since the issuance of the first subscription notes on 3 March 2026, the subscriber has not exercised its rights” to convert them “into conversion shares”.
In the Philippines, DigiPlus runs BingoPlus, described as the country’s first government-approved online bingo platform. It also operates ArenaPlus, a sportsbook, and GameZone, a platform for casual and arcade gaming. One of the group’s other units operates casino slot arcades in the country.
The Philippines-based firm announced last week Ping Chen as the group’s new president, replacing Andy Tsui, who stepped down after more than four years with the company.
Also last week, International Entertainment said a subsidiary is spending circa PHP566.95 million (US$9.2 million) on new construction work at its Manila Bay casino hotel.
The firm has pledged to invest at least US$1 billion to redevelop the property as an integrated resort, under the terms of its licence. The company also flagged in April that it was in talks with a “third party online gaming operator” about the possibility of offering such services in the Philippines.
