DigiPlus Interactive Corp. is a Philippine The well-known players in the gaming and leisure industry have allocated up to 2 billion Philippine pesos (approximately 32.7 million euros) for capital expenditures (Capex) in 2024. A significant portion of this grant will be used for technological innovation and game development.
In 2023, DigiPlus achieved a milestone: net revenue reached Php 4.1 billion (approximately €67.1 million), a staggering 596% surge from the previous year. This achievement contrasts with its net income of Php668 million (approximately €11.2 million) in 2022 and net losses of Php894 million (approximately €14.6 million) in 2021 due to the impact of the epidemic. More than 90% of the company's total revenue is derived from its diverse gaming portfolio, which includes traditional live bingo operations, the BingoPlus platform and a variety of electronic games.
Increase allocation for technological advancement
Tsui said a significant portion of the investment will be used for technological advancement and game development projects. This underlines DigiPlus' commitment to enhancing its digital offerings.
Focus on venue and equipment upgrades
In addition to technology investments, DigiPlus plans to spend a portion of its capital expenditure budget on site and equipment upgrades. This strategic approach aims to ensure that the company’s physical venues are equipped with cutting-edge technology and provide customers with an immersive gaming experience.
Revenue growth and user expansion goals
Tsui also said that DigiPlus has set ambitious revenue growth plans, targeting growth of 10% to 20%. It also plans to increase the number of users of its digital gaming platforms including BingoPlus, ArenaPlus and PeryaGame by 10 million. Currently, the company has approximately 20 million registered users and is expected to leverage its large user base to drive further growth and expansion.
