Philippines online gaming giant DigiPlus Interactive Corp has announced that Andy Tsui will step down from his role as President of the Board of Directors, to be replaced by finance veteran Ping Chen.
The group made the announcement on Friday, following its Board of Directors’ Organizational Meeting, which followed the Annual Stockholders’ Meeting.
The company revealed that Tsui, who served as President and Director of DigiPlus for over four years, has stepped down from his roles, with the company’s Chairman Eusebio Tanco thanking the executive for his service, “during which he advanced key strategic initiatives, strengthened organizational capabilities and championed the continued growth of the business.”
Regarding the new hire, Tanco noted that Chen’s appointment “is a strategic move for DigiPlus,” with Chen to “help steer the company through our next phase of expansion and long-term value creation.”
Chen indicated that his mandate is to design and execute the company’s long-term strategy and “improve our financial performance and operational efficiency” while expanding the group’s “digital entertainment ecosystem” and elevating the “user experience across our platforms.”
Chen brings over two decades of experience in global investment banking in Hong Kong and London with him, having formerly served as CFO and CIO at Shenzhen Stock Exchange-listed Digital China, and as Managing Director of Moelis & Company. He also formerly worked at Merrill Lynch, Citi, Morgan Stanley and Lehman Brothers.
DigiPlus is the Philippines’ leading digital entertainment provider and the company behind the BingoPlus, ArenaPlus and GameZone brands.
It has in recent months also expanded beyond online gaming, having reached an agreement to acquire a controlling interest in LaVie Resort & Casino – home to New Coast Hotel Manila – for HK$1.6 billion (US$206 million) – and diversify into land-based gaming. The group was reportedly also in talks to acquire a second hotel directly alongside LaVie – Diamond Hotel Philippines – which could result in a US$1 billion transformation to revamp the two hotels into one large entertainment complex.
The shift into land-based comes after DigiPlus reported a 33% drop in net income for 1Q26 to Php2.8 billion (US$45.6 million), after total revenue fell by 25% to Php17.2 billion (US$281 million) – partially attributed to the delinking of in-app access to licensed online gaming platforms from e-wallets, as well as “tempered consumer sentiment” amongst the ongoing global fuel crisis.
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