Philippines' leading digital entertainment enterprise DigiPlus Interactive Corp welcomes a significant personnel change—Andy Tsui, who has served as president for over four years, steps down, and Ping Chen, a Chinese senior financial expert with more than twenty years of global financial experience, takes over to lead the company into a new phase of development. According to the PASA official website, this adjustment was not a temporary decision but was officially finalized after the annual shareholders' meeting and the board of directors' organizational meeting.
The new leader's resume is impressive, focusing on long-term strategies on dual fronts
Chairman Eusebio Tanco has high expectations for Ping Chen's appointment, stating that it is of strategic significance, hoping that with his deep expertise in global capital markets and industry resources, he will lead the company to break through development bottlenecks. Ping Chen's career resume is indeed solid—he has served as CFO and CIO at A-share listed company Digital China, and as Managing Director at Morris Company. He has also left his mark at top international financial institutions such as Merrill Lynch, Citigroup, Morgan Stanley, and Lehman Brothers. In essence, he is a seasoned financial veteran with both domestic corporate management experience and a global capital market perspective. Facing the new mission, Ping Chen has clarified the subsequent two major directions: 1. Optimize the financial system and streamline operational processes to make business operations more efficient; 2. Continue to expand the digital entertainment ecosystem and comprehensively upgrade the user experience across various platforms.
Performance under pressure, Q1 net profit falls 33%, investing 1.6 billion HKD to shift to offline
DigiPlus holds hot brands like BingoPlus, ArenaPlus, GameZone, and occupies a leading position in the Philippine online gaming track, but recent performance data is not very promising—In the first quarter of 2026, the company's revenue fell 25% year-on-year to 17.2 billion pesos (about 281 million USD), and net profit shrank significantly by 33%, only recording 2.8 billion pesos (about 45.6 million USD). The reasons for the decline in performance are not singular: the local cancellation of the binding channel between e-wallets and compliant online gaming platforms has caused a significant impact on business inflow; the ongoing global fuel crisis has made consumer spending more conservative, also dragging down revenue. Facing growth bottlenecks online, DigiPlus decisively seeks space offline—the company has reached an acquisition agreement to acquire a controlling stake in Latitude Resort and Casino for 1.6 billion HKD (about 206 million USD), officially entering the offline physical gambling entertainment field, which is also located at the New Coast Hotel in Manila. Moreover, the company is negotiating the acquisition of the adjacent Diamond Hotel Philippines, and if the deal is finalized, the joint transformation of the two hotels could create a large-scale comprehensive entertainment landmark costing over 1 billion USD, offering vast commercial imagination. This strategic shift from online to offline, led by a Chinese financial mogul, whether it can reverse the performance downturn is something the market is watching.
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