Latest news with #DigiPlus
The Star
2 hours ago
- Business
- The Star
Billionaire Razon enters Philippines' booming online gambling platform
A photo taken on Sept 16, 2016, shows billionaire Enrique Razon, chairman of International Container Terminal Services Inc and Bloomberry Resorts Corporation, during an interview in Manila. -- PHOTO: BLOOMBERG MANILA (Bloomberg): Tycoon Enrique Razon's Bloomberry Resorts Corp. launched its online casino platform in the Philippines' booming internet gambling sector, taking aim at market leader DigiPlus Interactive Corp. Revenue from electronic games overtook those from large brick-and-mortar casinos for the first time in the Philippines last year, marking a shift in Asia's second-largest gambling hub, according to the nation's gaming agency. Bloomberry's gaming site is accepting bets of less than $1 for games such as slots, baccarat and roulette, as the company targets mass consumers. Razon, with a net worth of $11.3 billion according to Bloomberg's Billionaires Index, told stockholders in April that his online gaming foray would diversify the company's revenue streams. Bloomberry runs two integrated resorts in the metropolitan Manila region under the Solaire brand, and a casino in Jeju in South Korea. Bloomberry shares rallied as much as 18.8% on Monday, marking its largest intraday gain in more than six weeks and making it the top-performer among Philippine blue chip stocks. While the Southeast Asian nation's expanding online gaming market has room for another player like Bloomberry, the company will face tough competition from entrenched DigiPlus. "Competing with DigiPlus, an established player with 40 million registered users, presents notable challenges for Bloomberry,' said Toby Allan Arce, an analyst at Globalinks Securities & Stocks Inc. in Manila. DigiPlus attracted 40 million registered users in 2024, double its 2023 numbers, according to the company. It is already looking at other markets after securing a license in Brazil, where the company will offer sports betting. It is also setting up a Singapore unit to drive international growth. -- ©2025 Bloomberg L.P.
Bloomberg
7 hours ago
- Business
- Bloomberg
Billionaire Razon Enters Philippines' Booming Online Gambling
Tycoon Enrique Razon's Bloomberry Resorts Corp. launched its online casino platform in the Philippines' booming internet gambling sector, taking aim at market leader DigiPlus Interactive Corp. Revenue from electronic games overtook those from large brick-and-mortar casinos for the first time in the Philippines last year, marking a shift in Asia's second-largest gambling hub, according to the nation's gaming agency.
Yahoo
7 days ago
- Business
- Yahoo
DigiPlus Interactive (PSE:PLUS) Doubles Net Income To PHP 4,202 Million
DigiPlus Interactive experienced significant movements this past quarter, with its shares rising by 60%. Key events likely influencing this surge include its first-quarter earnings announcement with net income doubling to PHP 4,202 million and the incorporation of DigiPlus Global in Singapore, signaling ambitious international expansion plans. Governance updates, such as proposed bylaw amendments, demonstrate clear organizational progress. At the same time, broader market conditions, including a 12% rise over the last year, may have provided a supportive backdrop for the stock's performance, aligning DigiPlus's positive trajectory with general market trends amidst global economic uncertainties. We've spotted 1 warning sign for DigiPlus Interactive you should be aware of. AI is about to change healthcare. These 23 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Over the past three years, DigiPlus Interactive (PSE:PLUS) has achieved an exceptional total return of over 4,200%. This long-term performance is remarkable compared to the PH Hospitality industry and PH market's one-year returns of 18.2% and 7.6%, respectively. The recent developments such as doubling net income and the company's expansion into Singapore could drive further revenue and earnings growth, as seen in the reported boost in recent quarters. These factors suggest a strengthened market position and potential future profitability improvements. Despite the recent 60% rise in share price, PLUS remains 37.2% below its consensus fair value target of ₱88.43, signaling potential room for growth. The ambitious expansion plans and governance updates might enhance investor confidence, while analysts' forecasts suggest robust earnings growth. However, with limited analyst coverage, statistical confidence in meeting the price target remains uncertain. This highlights the need for cautious optimism while considering investment in DigiPlus. Review our growth performance report to gain insights into DigiPlus Interactive's future. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PSE:PLUS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
DigiPlus Interactive (PSE:PLUS) Doubles Net Income To PHP 4,202 Million
DigiPlus Interactive experienced significant movements this past quarter, with its shares rising by 60%. Key events likely influencing this surge include its first-quarter earnings announcement with net income doubling to PHP 4,202 million and the incorporation of DigiPlus Global in Singapore, signaling ambitious international expansion plans. Governance updates, such as proposed bylaw amendments, demonstrate clear organizational progress. At the same time, broader market conditions, including a 12% rise over the last year, may have provided a supportive backdrop for the stock's performance, aligning DigiPlus's positive trajectory with general market trends amidst global economic uncertainties. We've spotted 1 warning sign for DigiPlus Interactive you should be aware of. AI is about to change healthcare. These 23 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Over the past three years, DigiPlus Interactive (PSE:PLUS) has achieved an exceptional total return of over 4,200%. This long-term performance is remarkable compared to the PH Hospitality industry and PH market's one-year returns of 18.2% and 7.6%, respectively. The recent developments such as doubling net income and the company's expansion into Singapore could drive further revenue and earnings growth, as seen in the reported boost in recent quarters. These factors suggest a strengthened market position and potential future profitability improvements. Despite the recent 60% rise in share price, PLUS remains 37.2% below its consensus fair value target of ₱88.43, signaling potential room for growth. The ambitious expansion plans and governance updates might enhance investor confidence, while analysts' forecasts suggest robust earnings growth. However, with limited analyst coverage, statistical confidence in meeting the price target remains uncertain. This highlights the need for cautious optimism while considering investment in DigiPlus. Review our growth performance report to gain insights into DigiPlus Interactive's future. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PSE:PLUS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
