Inquirer
Gaming stocks continue free fall on online gambling ban fears
DigiPlus Interactive Corp. experienced its second-worst day on record on Wednesday, with its stock price dropping 20.4% due to fears of a potential ban on online gambling.
The decline was fueled by increasing calls from lawmakers and a statement from Malacañang that President Marcos is studying a ban on online gambling.
Senator Raffy Tulfo has advocated for an outright ban, citing an 'epidemic of gambling' in the Philippines.
DigiPlus operates online gaming platforms including BingoPlus, ArenaPlus, and Color Game.
On Thursday, DigiPlus suffered its worst performance in history, plunging an additional 29.96% and is now down 70% from its 52-week high.
Bloomberry Resorts Corp., operator of Solaire and competitor MegaFUNalo, also saw its stock slide by 5.62%.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
DigiPlus Interactive Corp., operator of online gaming platforms like BingoPlus, has warned that a proposed crackdown on the sector could lead to significant job losses for Filipinos.
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DigiPlus Interactive Corp. supports stricter, "smart and balanced" regulations for the online gaming industry to protect players and maintain economic benefits.
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DigiPlus Interactive Corporation, operator of online games BingoPlus, ArenaPlus, and GameZone, is urging lawmakers to reconsider a complete prohibition on online gambling and instead advocate for enhanced regulations.
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DigiPlus Interactive Corp. has begun a P6-billion share buyback program, repurchasing 3 million shares worth P117.74 million on July 10, 2025, to stabilize its stock after a sell-off.
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Senators Loren Legarda and Raffy Tulfo have filed separate bills seeking a nationwide ban on online gambling and its promotion, citing negative social impacts, particularly on minors.
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