Filipino residents looking to grab a piece of the country’s burgeoning industry should pay careful attention to this. Digiwave Solutions Inc. (DSI), a unit of gaming company Premiere Horizon Alliance Corp., is the largest operator of Pagcor’s E-Games stations in the Philippines, and later this year, it’s parent company, Premiere Horizon Alliance Corporation, is preparing its baby to begin offering shares to the public.
The expected timetable on when that happens is the third quarter of this year, giving interested folks the time to divvy up the funds to take a stab at getting those shares. PHA announced its plan in a disclosure to the Philippine Stock Exchange after the company’s board of directors approved the IPO offering. According to the said disclosure, the IPO was already “in consonance” with its completed private placement in DSI, amounting to a total value of Php 54.84 million, equivalent to 24.375 million shares at a price of Php2.25 per share, allowing PHA to control 85 percent of DSI’s stock.
The IPO offering represents a huge step for a company that has made head-way since venturing into the gambling industry under the Digiwave name. In that time, it’s become the biggest operator of E-Games outlets in the country, accounting for 30 outlets in Metro Manila, as well as in strategic nearby provinces. If you haven’t been to any of these E-Games boutiques, you’re going to find a host of casino games at your disposal, including Baccarat, Blackjack, Slots games, Video Poker and other specialty games, on a single terminal that can be used as quickly and as efficiently as possible. These 24/7 joints also cater to Mega Sports World, the country’s only legal sports betting outfit, thus attracting a cavalcade of Filipinos betting on NBA games, football matches, and the like.
For its part, Premier Horizon Alliance Corporation isn’t new to this public listing song and dance. Back when it was still named Premiere Entertainment Productions Inc., PHA earned the acclaim of being first publicly listed company to engage in the production of motion pictures, having gone public in 1997, the same year it also entered the gaming industry. To this day, PHA continues to offer broadcast rights for its film library titles for television, video, cable and other media titles on top of its new business ventures it managed to get into after receiving regulatory approval in 2011 to the real estate and mining sectors.
All those industries, though, will probably play a backseat role in PHA’s plan to publicly open Digiware and all of those E-Games outlets later this year. It’s a big step that could pay strong dividends for interested Filipinos looking to grab a piece of a burgeoning gaming industry in the Philippines.
