Philippines-listed DigiPlus Interactive Corp said on Friday that the recent decline in its share price was in likelihood related to “market speculation” regarding the filing of bills aimed at restricting access to online gambling in the country.
DigiPlus’ stock price fell by 23.9 percent on Friday, to close at PHP29.50 (US$0.52) per share.
“The company notes the recent share price movement and attributes this to market speculation following the filing of the Online Gambling Regulatory bill and Online Gambling Prohibition bills filed at the Senate and House of Representatives since June 30, 2025,” stated DigiPlus in a reply to a query from the exchange regulator.
The firm said: “The proposed Online Gambling Regulatory bill aims to enhance responsible gaming standards and strengthen regulatory oversight in the sector.”
It added: “We highlight that the bills are still in the early stages of the legislative process and has not been enacted into law.”
The Philippines’ Department of Finance was said to be mulling a tax for the online gaming sector in the country, as well as the possibility of introducing stricter policies regarding access to digital gambling platforms.
In a separate development, the country’s central bank, the Bangko Sentral ng Pilipinas (BSP), published a statement on Thursday saying it would issue a circular requiring banks and e-wallet platforms to protect their users from risks associated with online gambling.
DigiPlus Interactive is a Philippine holding company with investment in gaming and leisure businesses, including bingo services and a digital sportsbook platform.
In the Philippines the brand runs BingoPlus, described as that country’s first government-approved online bingo platform. It also operates ArenaPlus, a sportsbook; and GameZone, a platform for casual and arcade gaming.
DigiPlus additionally operates – via subsidiaries – a few slot arcades at VIP clubs managed by the Philippine Amusement and Gaming Corp (Pagcor), the country’s regulator-cum-operator.
In Friday’s statement, DigiPlus said it remained “fully operational and committed to delivering value” to its customers and shareholders.
“We continue to conduct business as usual and remain confident in the long-term growth potential of the company,” it stated.
On Wednesday, DigiPlus said it was “on track” to launch its online gaming operations in Brazil “this September”.
In June the company named Tommy Hu Jianguo as the group’s chief executive, and announced Rick Li Jiaqi as its chief digital officer.
DigiPlus reported net income of PHP4.20 billion for the opening quarter of 2025, on revenue that rose 69.2 percent year-on-year, to just above PHP23.06 billion.
The company established in May its DigiPlus Global Pte Ltd subsidiary in Singapore. The new unit “will serve as the company’s international hub, driving its global ambitions through strategic partnerships, talent acquisition, and corporate support,” according to the parent company.
