Market Capitalization of DigiPlus reaches P59 billion

After emerging as the top-performing stock on the Philippine Stock Exchange (PSE) last year, DigiPlus Interactive Corp (DigiPlus), a Philippine retail gaming provider, saw its market capitalization surge to PHP 59 billion this week.

DigiPlus clinched the leading position on the PSE, surpassing nearly 300 listed companies in terms of stock price growth in the previous year. Its stock price soared by 232 percent throughout 2023, making it the best-performing stock. This remarkable increase in value is mirrored by a nearly six-fold rise in net income to PHP 4.1 billion in 2023.

Formerly known as Leisure and Resorts World Corp, DigiPlus operates traditional onsite bingo facilities alongside its BingoPlus platform and other e-games, contributing to more than 90 percent of its total revenue.

The surge in earnings in 2023, according to the company, was fueled by a substantial number of Filipinos participating in bingo activities, both offline and online.

AB Leisure Exponent Incorporated, a subsidiary of DigiPlus, is hailed for spearheading bingo gaming in the Philippines. The launch of BingoPlus, or bingoplus.com, in January 2022, has attracted 20 million registered users within four years of its inception.

Our current rebranding efforts are focused on doing ‘more’ for our people, clients, and the Filipino people in general. We combine cutting-edge technologies to multiply the fun and happiness in people’s lives anytime and anywhere. This is us sharing the love, while sharing the luck

Andy Tsui, Digi Plus President

The company underwent a rebranding this year, aiming to “multiply the fun” and “unlock new forms of entertainment for Filipinos.” This rebranding initiative signifies the company’s transition from gaming to digital entertainment, with new platforms such as BingoPlus, ArenaPlus, and PeryaGame tailored to cater to diverse demographics and lifestyle preferences.

DigiPlus started with traditional bingo and was the first to live stream online bingo. Now they are offering casino games as well. Epic growth is fueled by their aggressive marketing and brand awareness among the public. One could say they helped paved the way to for online gaming for the Philippine market right now.

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