Philippine gaming operator DigiPlus has recently faced multiple challenges due to disruptions in electronic payment channels and internal management adjustments, with the company's stock price falling from over 60 pesos to a low of 13.7 pesos, currently hovering around 25 pesos. According to internal sources, the company has undergone team restructuring and business contraction, with significant performance declines in core platforms, while facing intensified market competition. The company has not responded in detail to internal operations, and industry observers advise investors and job seekers to carefully assess related risks.
Stock Price Changes and Market Performance
The stock price of Philippine gaming company DigiPlus has recently shown significant fluctuations, falling from a previous high of over 60 pesos to a low of 13.7 pesos. The stock price is barely maintained around 25 pesos, with the market holding a wait-and-see attitude towards its future performance.
This stock price change occurred after the disconnection of Philippine electronic wallet services and the gaming industry, a measure that directly affected the operating cash flow and user payment experience of many gaming companies, with DigiPlus, as a leading industry enterprise, being significantly impacted.
Business Impact and Performance Decline
The disconnection of electronic wallets has affected various business segments of DigiPlus to varying degrees. The performance of the core platform Arena Plus has dropped by about 80%, Game Plus has declined by 55%, and Bingo Plus business volume has shrunk by 50%.
The company has not yet announced specific recovery plans or countermeasures, and the downward trend in business has not shown obvious signs of reversal. Analysts believe that the interruption of payment channels has had a sustained impact on gambling platforms that rely on electronic transactions.
Team Structure and Personnel Changes
According to insiders, the veteran team from the initial startup period of DigiPlus has almost entirely left the company, with major adjustments occurring in the original team structure. The company has undergone multiple rounds of layoffs, with particular attention paid to the rights protection issues of employees from the mainland.
Reports indicate that the layoffs involved insufficient compensation, and this process has been alleged as a tool for middle management to eliminate dissent, but the company has not formally responded to such accusations.
Internal Management and Operational Challenges
DigiPlus is alleged to have certain management chaos, with issues of interest delivery existing among various business heads and director levels. The more business process links, the greater the management loopholes and potential risks.
A culture of "parachuting" executives is prevalent within the company, with middle management flattering upwards and shirking responsibility downwards, leading to a decline in overall execution. Promotions and bonus mechanisms are said to rely more on relationships than on performance and capability.
Market Competition and Status Changes
While DigiPlus is facing internal adjustments, competitor Playtime is rapidly seizing market share, with significant changes in competitive strength. DigiPlus's leading position in the Philippine gaming market is being challenged.
Industry analysts point out that the interruption of payment channels, coupled with internal management issues, puts DigiPlus at a disadvantage in facing market competition, with uncertainty in the company's future development direction.
Industry Environment and Policy Impact
The Philippine gaming industry has recently faced changes in the policy environment, especially the disconnection measures between electronic wallets and gaming platforms, which have had a profound impact on the industry. This policy aims to strengthen financial regulation and prevent illegal capital flows.
The overall industry is in a period of adjustment, with all operators adapting to new regulatory requirements and market environments, and DigiPlus's situation to some extent reflects the common challenges faced by the industry.
Risk Warning and Advice
For job seekers, it is necessary to carefully assess the employment risks in the gaming industry, especially the possibility of industry saturation and layoffs. It is advised to thoroughly understand the stability and development prospects of the enterprise before making a decision.
For investors, analysts suggest not to blindly follow the market; it is necessary to closely monitor the company's rectification measures, business recovery, and future strategic planning, waiting for clearer market signals.
Company Response and Future Outlook
DigiPlus has not yet formally responded to the internal leaks, nor has it announced specific business restructuring plans. The market is focused on whether the company will undergo management structure adjustments and business model innovations.
Industry observers believe that DigiPlus needs to strengthen internal governance, optimize business processes, and find alternative payment solutions to adapt to the new market environment and rebuild competitive advantages.
