Leisure & Adventure Inc. (LAI), a company owned by businessman and politician Alfredo Abelardo Benitez, sold over P1.2 billion worth of shares in gaming firm DigiPlus Interactive Corp.
LAI sold 19.228 million DigiPlus shares between June 13 and 16 at prices ranging from P62.50 to P63 apiece, according to a stock exchange disclosure by DigiPlus on Monday.
The transaction reduced LAI’s ownership in DigiPlus to 6.43 percent, though the company still holds 286.265 million shares.
Benitez also sold 23.656 million DigiPlus shares at prices between P40.70 and P49.20 in May.
DigiPlus has been a top-performing stock since last year, with its shares recently hitting a 52-week high of P65.30. The surge was attributed to high demand for its online gaming platforms, including BingoPlus, ArenaPlus and GameZone.
DigiPlus’s net income more than doubled to O4.2 billion in the first quarter of 2025 as revenues surged by 69 percent to P23.06 billion. The company reported 40 million registered users as of end-2024.
DigiPlus said it is also on track to begin operations in Brazil by the fourth quarter of the year, having secured an online gaming license in the country.
Brazil is considered one of Latin America’s fastest-growing gaming markets, with a population of over 200 million and 87-poercent internet penetration. The company is also exploring other international markets for expansion.
