Philippine-listed and licensed online gaming operator DigiPlus Interactive Corp says it “continues to regain momentum” amid an evolving regulatory and competitive environment for the online gaming sector in the country.
Its momentum, the firm said in a Monday press release, has been “supported by disciplined execution and targeted operational initiatives” across the group’s digital gaming platforms.
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.
DigiPlus also said the group’s online gross gaming revenue (GGR) had “steadily improved” in recent months, “reflecting the company’s proactive measures to strengthen platform resilience, enhance player experience, and ensure operational continuity”.
The announcement cited DigiPlus’ chairman, Eusebio Tanco, as saying: “We assure the investing public that there are no material changes to DigiPlus’ operating performance, regulatory standing, or overall business outlook.”
He stated: “The company continues to execute its strategy as planned, with operations and financial performance tracking in line with expectations.”
“DigiPlus remains focused on disciplined capital allocation and long-term value creation,” Mr Tanco added.
The firm has been taking what it says are “proactive measures” to enhance player protection and customer service.
That included the launch in mid-September of a surety bond programme for online gaming players, as well as expanding “over-the-counter (OTC) or physical payment options” for players via partnerships with bills payment service provider Bayad and self-service payment kiosks operator Pay&Go.
“These initiatives are beginning to deliver positive results,” stated DigiPlus.
In August, the Philippines’ central bank ordered the delinking of online gambling platforms from electronic wallets.
Nonetheless, DigiPlus’ management has said in recent commentary that it still has a “competitive advantage” in terms of product offering, and is “well positioned” to navigate the challenges amid higher scrutiny of the country’s online gaming sector.
In Monday’s release, the company said that, in anticipation of a more robust regulatory environment, it continues to “strengthen its self-regulation efforts”.
“The company is reviewing and refining its advertising and marketing materials to ensure campaigns are responsibly designed and do not inadvertently reach youth or vulnerable sectors,” the firm added.
DigiPlus has also announced a deal that will see it take over control of a land-based casino in the Philippine capital, Manila. The company is set to acquire a majority stake – via subscription to convertible notes – in Hong Kong-listed International Entertainment Corp, which runs the New Coast Hotel Manila property.
