Philippine gaming technology firm DigiPlus Interactive Corp has announced the launch of a Php6 billion (US$106 million) share buyback scheme that it says highlights the company’s confidence in its long-term growth prospects.
Notably, the announcement comes just days after company shares took a hit amid efforts by some politicians to impose strict new regulations around the domestic online gaming segment in which DigiPlus dominates.
In a filing, DigiPlus Chairman Eusebio Tanco said the scheme “demonstrates our firm confidence in DigiPlus’ long-term growth and solid fundamentals.
“By strategically deploying our capital through this buyback, we are sending a clear signal that DigiPlus is committed to delivering sustainable returns for shareholders while remaining well-positioned to pursue expansion and innovation,” he explained.
The scheme, valid for the next 12 months, is to be funded through the company’s internally generated cash flows, which DigiPlus said underscores its healthy balance sheet and resilient operations.
“DigiPlus remains well-capitalized, balancing disciplined capital management with its investments in growth, technology and new markets,” it stated in Monday’s filing.
The company had late last week admitted that recent share price fluctuations were likely attributable to the filing of the Online Gambling Regulatory bill and Online Gambling Prohibition bills at the Senate and House of Representatives on 30 June 2025.
However, it also noted that the bills “are still in the early stages of the legislative process and have not been enacted into law.”
DigiPlus is leader in the online gaming space via its BingoPlus, ArenaPlus and GameZone, and as a provider of back-end platform support for other operators.
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