Despite ongoing regulatory uncertainties and a dip in its share price, DigiPlus Interactive Corp. said its user base remains loyal and highly engaged\u2014underscoring the company\u2019s resilience and momentum in the fast-evolving digital gaming sector.<\/p>\n
\u201cInterest from users remains as usual,\u201d Digiplus chairman Eusebio Tanco said in a press briefing Friday. \u201cOperationally, we were not affected. It\u2019s the stock price that has been affected\u2026 We\u2019re still on target. Nothing has changed except hurt feelings.\u201d<\/p>\n
DigiPlus has built one of the largest digital gaming ecosystems in the country, reaching over 40 million users across its platforms.<\/p>\n
Tanco said this deep user engagement is Digiplus\u2019 biggest asset as it eyes inclusion in the Philippine Stock Exchange Index (PSEi) in the upcoming rebalancing.<\/p>\n
\u201cWe are one of the fastest growing, most stable, and probably the only digital company there is in the Philippines,\u201d said Tanco. \u201cWe\u2019re being chosen by most asset managers as part of their portfolio stocks to invest in.\u201d<\/p>\n
He added that the company\u2019s strong fundamentals, experienced management team, and robust tech infrastructure position it as a viable candidate for the 30-member benchmark index, which tracks the country\u2019s most actively traded and valuable firms.<\/p>\n
\u201cNow, with what\u2019s going on, it doesn\u2019t make any difference,\u201d he said referring to the recent share price volatility.<\/p>\n
Still, the company acknowledged the potential impact of proposed regulations, including raising the minimum cash-in requirement for online betting to \u20b110,000 in an effort to curb impulsive gambling.<\/p>\n
DigiPlus president Andy Tsui warned that overregulation could drive users to unregulated and illegal platforms.<\/p>\n
\u201cBecause black market operators don\u2019t follow any procedures\u2014they don\u2019t have eKYC, they don\u2019t have to comply with the minimum top-up. So if the amount is set up too high, certainly it\u2019s not good for the industry, and also they [the government] will lose the revenue,\u201d Tsui said.<\/p>\n
Tanco echoed the concern, urging regulators to focus on curbing illegal online gambling, which he said accounts for a large, untaxed portion of the market.<\/p>\n
\u201cYou have 70 percent out there that is unregulated\u2026 unmonitored, mostly no consumer protection. They don\u2019t play by the rules. Those are the illegal [operators],\u201d he said.<\/p>\n
Tanco estimated that stricter enforcement could boost revenues of the Philippine Amusement and Gaming Corp. (PAGCOR) to between \u20b1200 billion and \u20b1300 billion.<\/p>\n
Despite these challenges, Digiplus remains focused on long-term growth.<\/p>\n","protected":false},"excerpt":{"rendered":"Despite ongoing regulatory uncertainties and a dip in its share price, DigiPlus Interactive Corp. said its user base…\n","protected":false},"author":2,"featured_media":31481,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[64,63,137,514,515],"class_list":["post-31480","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mental-health","tag-au","tag-australia","tag-health","tag-mental-health","tag-mentalhealth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/31480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=31480"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/31480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/31481"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=31480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=31480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=31480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}