Philippines online gaming giant DigiPlus has appointed global CEO advisory firm Teneo as its strategic advisor as it continues to explore international growth opportunities.
The company said in a statement that Teneo will provide global perspective and senior counsel to help it “navigate complex business environments, assess emerging opportunities and risks and make well-informed strategic decisions.”
It added that the partnership, which comes at a pivotal stage in DigiPlus’ growth beyond the Philippines, supports the company’s evolution from a Philippine market leader into an increasingly global digital entertainment company.
“It complements the company’s continued investments in innovation, responsible growth, governance, and organizational capabilities, providing a stronger foundation for sustainable expansion in the Philippines and internationally,” DigiPlus said.
According to information accompanying the announcement, Teneo provides advisory services across five business segments on a stand-alone or fully integrated basis, with its clients including a significant number of Fortune 100 and FTSE 100 financial institutions and organizations.
DigiPlus, which operates online gaming platforms BingoPlus, ArenaPlus, and GameZone, has secured online operating licenses in Brazil and South Africa and has expressed interest in pursuing one of the 15 licenses on offer in New Zealand.
Back home it recently completed a subscription to HK$1.6 billion (US$205 million) in Subscription Notes that upon conversion will give it a controlling 53.89% stake in International Entertainment Corp (IEC), the owner of Manila’s LaVie Resort & Casino.
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