beta
Latest News

DigiPlus reports 358% first quarter profit spike

By: Miguel R. Camus
May 8, 2024
10:26AM PHT
Share

Online bingo games operator DigiPlus Interactive Corp. saw profit during the first quarter of 2024 surge more than four times to P2 billion, fuelled by its digital gambling businesses. 

Led by president Tsui Kin Ming, DigiPlus booked revenues of P13.6 billion, a significant increase of 226 percent. 

Tsui Kin MingDigiPlus President
Tsui Kin Ming
DigiPlus President

This was driven by growing user engagement on its BingoPlus and ArenaPlus platforms and contributions from new game offerings.

“We intend to sustain our growth momentum by continuing to invest in innovation and newtechnologies to enhance user experience and adding new digital offerings traditionally well-loved by Filipinos,” Tsui said.
About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

More from the Author
Previous
DMCI records 25% earnings decline in first quarter
8 May 2024
10:03AM
Next
Sy’s SM Investments “cautiously optimistic” on steady first quarter profits
8 May 2024
12:20PM
Featured News
Asus, Xbox launch ROG Ally X with smarter, longer-lasting power
13 Oct 2025
12:17PM
PlayTime says no plans to list yet; CEO open to offering ‘strategic advice’ to new PhilWeb owners
11 Oct 2025
10:08AM
INSIDER INFO: Greggy Araneta's PhilWeb sale to set the stage for online gaming move?
10 Oct 2025
2:19PM
PSE issues trading halt as Gregorio Araneta sells 57% stake in PhilWeb for P1.8B
9 Oct 2025
9:37AM
Bloomberry profit halves in first half 2025; Solaire North, online bets offer upside
13 Aug 2025
9:32AM
SM-backed Belle pauses online gaming plans over uncertain PH regulations
6 Aug 2025
6:12PM
DigiPlus eyes South Africa after Brazil, targeting $1.6-B betting industry
25 Jul 2025
2:11PM
DigiPlus fast-tracks Brazil debut, taps $4.6B gaming market
2 Jul 2025
12:26PM
Explore the latest news from InsiderPH
Saturday, 25 October 2025
8 hours ago
Robinsons Land’s Le Pont sees half of P100-M penthouses sold amid resilient luxury market
9 hours ago
Aboitiz’s golden trio keeps going up with Four Golden Arrows
10 hours ago
San Miguel’s nearly P49-B share offer was 1.5 times oversubscribed, reflecting investor trust and confidence
Fortune favors the bold: San Miguel pulls off nearly P49-B preferred share offer in tough market
24 Oct 2025
5:12PM
San Miguel launches P30-B preferred share offer with dividend rates up to 7.54%
14 Oct 2025
8:27AM
SMC to redeem P16.75-B preferred shares ahead of major fundraising effort
2 Sep 2025
2:37PM
1 day ago
PNB Makati Center leads Ayala Avenue shift to health and wellness
1 day ago
DigiPlus earns first Golden Arrow for corporate governance
1 day ago
Filinvest Group clinches multiple Golden Arrows for outstanding corporate governance
1 day ago
Cebu hotel rates down amid tourism slump due to earthquake jitters
1 day ago
ABS-CBN now a six-time Golden Arrow awardee for corporate governance excellence
1 day ago
Alternergy seals P2.4-B co-investment with A Brown for Tanay, Alabat wind farms
Go to Homepage Back to Top
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.