{"id":777004750,"date":"2023-05-01T13:06:14","date_gmt":"2023-05-01T16:06:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004750"},"modified":"2026-04-22T22:24:31","modified_gmt":"2026-04-23T01:24:31","slug":"digiplus-secures-us53-5m-loan-for-gaming-expansion","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/digiplus-secures-us53-5m-loan-for-gaming-expansion","title":{"rendered":"DigiPlus secures US$53.5m loan for gaming expansion"},"content":{"rendered":"\n

DigiPlus Interactive Corporation will use the loan to expand its operations and further establish its presence in the retail gaming industry in the Philippines.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- DigiPlus Interactive Corp <\/strong>(previously Leisure and Resorts World Corporation<\/a>) has agreed a PHP3bn (US$53.5m) loan with Asia United Bank Corporation to finance the expansion of its presence in the Philippines’ retail gaming segment. The company, which operates the first and only PAGCOR-licensed remote gaming platform, BingoPlus<\/strong>, aims to expand the platform and its onsite electronic gaming.<\/p>\n\n\n\n

It says that with more than 1,700 jackpot winners since its inception, BingoPlus has experienced rapid growth, and that it now sees more opportunities in the country’s casual gaming and entertainment space.<\/p>\n\n\n\n

Andy Tsui<\/strong>, president of DigiPlus, stated: \u201cThe success of BingoPlus has paved the way for exciting opportunities in the country\u2019s casual gaming and entertainment space. We aim to capitalize on this positive momentum by revolutionizing our users\u2019 experience by investing in new technologies, introducing new and innovative products, and enhancing our quality of service. This loan financing is a significant milestone as we look to ground our leading position in the retail gaming industry of the country.”<\/p>\n\n\n\n

DigiPlus<\/a> posted revenue of PHP8.91bn for 2022, up 217 per cent year-on-year. The Retail Games business was the primary source of revenue, bringing in 91.7 per cent or PHP8.16bn (US$144.61m). Encompassing on-site bingo operations, remote BingoPlus platform operations, and e-game services, it remains profitable due to its popularity among social gamers and Filipino bingo players. <\/p>\n\n\n\n

Net income amounted to PHP686.8m (US$12.16m), in contrast to the previous year\u2019s operating loss of PHP894.6m. The company achieved positive EBITDA of PHP1,007m<\/strong>, as opposed to the EBITDA loss of PHP80m in the prior year. DigiPlus attributed the improvement to the majority of site operations resuming and the launch of the company\u2019s own technology platform.<\/p>\n","protected":false},"excerpt":{"rendered":"

DigiPlus Interactive Corporation will use the loan to expand its operations and further establish its presence in the retail gaming industry in the Philippines.<\/p>\n","protected":false},"author":176,"featured_media":22068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"DigiPlus Interactive Corp has secured a PHP3bn (US$53.5m) loan from Asia United Bank Corporation to fund the strategic expansion of its retail gaming operations in the Philippines, including its PAGCOR-licensed BingoPlus platform and onsite electronic gaming. This financing follows a robust 2022 performance, marked by a 217% year-on-year revenue increase and a shift to positive net income and EBITDA. The company plans to leverage this capital to invest in new technologies and product innovation, aiming to solidify its market leadership.","focusai_entities":"DigiPlus Interactive Corporation, Leisure and Resorts World Corporation, Asia United Bank Corporation, PAGCOR, BingoPlus, Andy Tsui","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.9), operator_casino (1.0), product_ux (0.8), tech_data (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Allocation Strategy","query":"How will DigiPlus Interactive Corp's PHP3bn loan be specifically allocated across technology investments, new product development, and retail site expansion to maximize ROI and market penetration within the Philippine gaming verticals?"},{"label":"Regulatory Impact Assessment","query":"What are the potential regulatory implications for PAGCOR and other stakeholders as DigiPlus expands its remote and retail gaming footprint, particularly concerning responsible gambling frameworks and market concentration?"}],"footnotes":""},"categories":[157,16333],"tags":[],"class_list":["post-777004750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777004750"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004750\/revisions"}],"predecessor-version":[{"id":777004776,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004750\/revisions\/777004776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22068"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}