Following reports on Monday that online gaming giant DigiPlus Interactive Corp is in talks to acquire a second hotel located directly alongside LaVie Resort & Casino with ambitions of creating a comprehensive casino precinct, the company has confirmed its expansion ambitions.
DigiPlus said in a Tuesday filing that it is “exploring opportunities to expand into adjacent and complementary segments, aligned with its long-term strategy to develop a robust gaming and digital entertainment ecosystem.”
It added, however, that “these plans remain under evaluation and no definitive transactions have been made.”
Local media outlet InsiderPH reported earlier this week that DigiPlus was in discussions with San Miguel Corp Chairman and CEO Ramon S Ang about acquiring his Diamond Hotel Philippines in Malate, Manila, which currently connects to LaVie via a roof bridge. It also claimed that DigiPlus has already tabled multiple offers to Ang for the 480-room hotel on Manila Bay, although all of those offers are said to have been rebuked.
The online gaming company, which counts BingoPlus and sports betting arm ArenaPlus among its assets, recently reached an agreement to acquire a controlling interest in LaVie – home to New Coast Hotel Manila – for US$206 million as a means of diversifying into the land-based gaming space.
Should it successfully acquire Diamond Hotel Philippines, it is suggested that DigiPlus would look to spend up to US$1 billion to transform the two hotels into one much larger entertainment complex.
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