Eusebio Tanco's bingo giant has already earned more in the first six months of 2024 than it did in the entirety of 2023
Eusebio Tanco's bingo giant has already earned more in the first six months of 2024 than it did in the entirety of 2023has nearly quintupled its net income so far this year as Filipinos continue to flock to its physical bingo parlors and online gaming sites, especially as the government cracks down on illegal offshore gaming operators.
This means that DigiPlus has already earned more in the first six months of 2024 than it did in the entirety of 2023, during which itRevenue also surged 263% to P32.5 billion from P8.9 billion. Higher user traffic and “fresh contribution from new game offerings” contributed to the fast growth, the company said in a disclosure on Friday, August 9.
“The first semester was encouraging for DigiPlus. Despite the challenges, we strive to continue to innovate and deliver unparalleled digital entertainment experiences to our customers,” DigiPlus chairman Eusebio Tanco said in Friday’s disclosure. All that money has buoyed DigiPlus’ stock price up to P17.18 as of Friday, up 227% from the same time in August last year and 115% year-to-date. And that has driven up Tanco’s wealth too, according to Forbes in its 2024 list of the Philippines’ 50 richest people.
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