DIGIPLUS Interactive Corp. has completed the second and final tranche of its investment in Hong Kong-listed International Entertainment Corp. (IEC), a move that brings the gaming technology firm closer to acquiring a controlling stake in the operator of New Coast Hotel Manila.
In a disclosure on Thursday, DigiPlus said all conditions for its subscription agreement with IEC had been satisfied, allowing the transaction to proceed on June 3.
The first tranche of the deal was finalized in March after IEC issued convertible notes worth HK$800 million to DigiPlus.
The second tranche completes the company’s subscription to convertible notes under an agreement signed in November 2025.
The investment gives DigiPlus the option to convert the notes into IEC shares, potentially resulting in a majority stake in the Hong Kong-listed company.
IEC owns and operates New Coast Hotel Manila, an integrated hotel and gaming complex along Roxas Boulevard in Manila that operates under a license from the Philippine Amusement and Gaming Corp.
The transaction forms part of DigiPlus’ efforts to expand beyond its core online gaming business and establish a presence in land-based hospitality and gaming operations.
The company earlier said the investment would complement its digital entertainment platforms by adding physical touchpoints that could support customer engagement and brand development.
IEC’s hotel and gaming property has been undergoing a major modernization program, including upgrades to its hotel facilities and gaming operations.
DigiPlus has yet to disclose when it intends to convert the notes into equity, but completion of the second tranche clears a key step in the transaction.
The company, which operates digital gaming brands BingoPlus and ArenaPlus, stated earlier that the investment aligns with its broader strategy of building an integrated entertainment ecosystem spanning both online and physical channels.
Shares of the company dropped P0.08, or 0.75 percent, to close at P10.62 each on Thursday.
NAZYLEN JOY MABANGLO
