DigiPlus to enter offline casino via P12-B deal

DIGIPLUS Interactive Corp. (PLUS), a listed digital entertainment provider behind BingoPlus, ArenaPlus, and Game-Zone, has signed a convertible notes agreement granting it the rights to acquire a controlling stake in International Entertainment Corp. (IEC), which owns and operates New Coast Hotel Manila, an integrated hotel and casino complex.

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"This move marks a defining step toward DigiPlus' long-term goal to create the most innovative and enjoyable experiences through an entertainment ecosystem, powered by cutting-edge technology and localized products for different cultures," DigiPlus Chairman Eusebio H. Tanco said in a statement on Tuesday.

The subscription for convertible notes totals HK$1.6 billion (approximately P12 billion) and will be issued in two tranches.

The first tranche, worth HK$800 million, will be completed upon satisfaction of customary conditions, while the second tranche will follow within three months, subject to mutually agreed terms.

"Through this transaction, we are expanding our omnipresent ecosystem — bridging digital innovation with real-world experiences — to create a new era of entertainment that is engaging, responsible, and globally competitive," Mr. Tanco said.