Philippines' DigiPlus joins FTSE indices, forms Singapore subsidiary
DigiPlus Interactive Corp. has secured a place in the Financial Times Stock Exchange (FTSE) All-Cap Index and FTSE Total-Cap Index, effective 21 March. Previously classified under the FTSE Microcap Index in 2024, the company’s move to these broader indices highlights its growing market capitalisation and improved liquidity.
The FTSE All-Cap Index tracks large, mid, and small-cap companies, serving as global investors’ benchmarks. The FTSE Total-Cap Index extends coverage to include micro-cap firms, representing over 99 percent of global investable market capitalisation. DigiPlus’ inclusion increases its visibility among institutional investors.
“Being included in the FTSE All-Cap and Total-Cap Indices reflects the strength of our fundamentals and the momentum we have built over the past year,” Eusebio Tanco, DigiPlus Chairman, said. “This milestone reinforces our position in the broader investment community, opening new opportunities to further scale our business and create lasting value for our shareholders.”
DigiPlus operates several digital entertainment platforms in the Philippines, including BingoPlus, the country’s first government-approved online bingo platform; ArenaPlus, a sportsbook; and GameZone, a casual and arcade gaming platform.
Establishing a Singapore subsidiary
Moreover, DigiPlus has announced the formation of DigiPlus Global Pte. Ltd., a wholly owned subsidiary that will be incorporated in Singapore. Approved by the company’s Board of Directors on 26 February, the subsidiary is part of DigiPlus’ strategy for international expansion.
According to the company, DigiPlus Global will function as a support centre and regional hub, focusing on strategic partnerships, talent acquisition, and international growth. The company stated that Diginvest Holdings Inc., a DigiPlus Interactive subsidiary, will fully own the subsidiary.
“Singapore is a world-class hub for business, technology, and talent,” said Tanco. “”With the incorporation of DigiPlus Global, we are strengthening our ability to attract top-tier professionals, forge strategic alliances, and enhance our international presence, all while remaining deeply committed to our home market in the Philippines.”
DigiPlus clarified that while the Singapore subsidiary will support corporate and operational functions, it will not engage in iGaming operations, ensuring compliance with local regulations. The company highlighted Singapore’s business infrastructure and global connectivity as key reasons for selecting the city-state as its regional base.
Expansion into Brazil’s gaming market
DigiPlus is also expanding into Brazil, where its subsidiary, DigiPlus Brazil Interactive Ltda., recently obtained a gaming licence from the Ministry of Finance’s Secretariat of Awards and Bets. The licence allows DigiPlus to operate land-based and online sports betting, electronic games, live game studios, and fixed-odds betting.
As part of its entry into the Brazilian market, DigiPlus has allocated PHP660 million (€10.9 million) for initial operational costs, including licensing fees, capitalisation, financial reserves, and expenses for the first three months. DigiPlus plans to launch its Brazilian operations with a focus on sports betting, aiming to tap into the country’s strong football culture and growing gaming market.
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