DigiPlus Qualifies for Brazil’s Federal Online Gambling Licence

Philippine gaming giant DigiPlus is set to enter Brazil’s highly anticipated regulated online gambling market, launching January 2025.

The company’s Brazilian subsidiary has passed the qualification stage for a federal licence, solidifying its position in this booming sector.

With robust expertise and record-breaking revenues, DigiPlus aims to deliver world-class gaming experiences tailored to Brazil’s dynamic audience.

Learn how DigiPlus is navigating regulatory requirements and positioning itself as a key player in Brazil’s online gambling industry.

DigiPlus Qualifies for Brazil’s Regulated Online Gambling Licence

Key Points:

1. Brazilian Licence Qualification: DigiPlus Brazil Interactive has passed the qualification stage for a federal online gambling licence under SPA regulation.
2. Record Financial Growth: DigiPlus posted a 314% net income increase, supporting its expansion into new markets like Brazil.
3. Responsible Gaming Commitment: DigiPlus emphasizes responsible gaming practices and innovation as it targets the dynamic Brazilian audience.

DigiPlus Moves Closer to Entering Brazil’s Regulated Online Gambling Market

DigiPlus, a leading Philippine gaming company, is one step closer to entering the lucrative Brazilian online gambling market. Its subsidiary, DigiPlus Brazil Interactive, has successfully passed the qualification stage for a federal licence under Brazil’s newly regulated system, set to launch on January 1, 2025.

This milestone is a critical step in DigiPlus’ international expansion, marking its debut in South America’s rapidly growing online gaming sector. The Brazilian regulator, SPA, has tasked the company with meeting post-qualification requirements, including platform certification and licence fee payments, within the next 30 days.

By the end of December, the SPA is expected to publish the final list of authorised operators, which will include DigiPlus if all requirements are met.

DigiPlus’ Vision for Brazil

Eusebio Tanco, Chairman of DigiPlus, expressed confidence in the company’s ability to deliver engaging and responsible gaming experiences tailored to Brazil:

“We are committed to bringing DigiPlus’ expertise in responsible and innovative gaming to Brazil. As we navigate the final steps of the licensing process, we remain confident in our ability to align with Brazil’s regulatory requirements and introduce world-class gaming experiences to this dynamic market. This underscores our dedication to expanding into a new region while maintaining our focus on the Philippines as our core market.”

With its deep commitment to responsible gaming, DigiPlus aims to foster player trust while providing engaging content that resonates with Brazilian players.

Financial Success Fuels Expansion

DigiPlus’ expansion into Brazil is backed by record-breaking financial performance in 2024. The company reported a 314% increase in net income, reaching PHP8.85 billion (US$159.3 million) for the first nine months of the year.

Key highlights from its financial performance include:

1. Revenue Growth: Revenue rose 223% year-on-year to PHP15.98 billion (US$287.64 million), driven by higher user traffic and new product offerings.
2. EBITDA Surge: EBITDA soared by 271%, reaching PHP9.34 billion (US$168.12 million).
3. Third-Quarter Success: Q3 net income reached PHP3.52 billion (US$63.36 million), up 247% year-on-year, supported by strong digital retail and gaming innovations.

These results underscore the company’s ability to scale effectively while entering new markets.

No Definite Plans to Acquire CasinoPlus

In related news, DigiPlus clarified its position on recent speculation about acquiring CasinoPlus, a major online gaming provider in the Philippines. The company acknowledged that acquisitions are part of its long-term strategic expansion, but no definitive plans are currently in place.

The rumored acquisition could have been a game-changer for the Philippine online gaming sector, potentially creating a combined revenue of PHP10 billion (US$170.4 million) per month. However, DigiPlus has refrained from confirming any immediate moves, emphasizing its focus on sustainable growth.

DigiPlus’ qualification for Brazil’s federal online gambling licence is a significant milestone in the company’s ambitious global expansion strategy. With the Brazilian market poised to become a key player in regulated online gambling, DigiPlus is well-positioned to deliver exceptional gaming experiences while upholding its commitment to responsible gaming.

Backed by impressive financial growth and a proven track record in digital retail, DigiPlus is ready to align with Brazil’s regulatory standards and make a lasting impact on the region.

As DigiPlus takes its final steps toward official licensure, its entry into Brazil reflects a broader vision of innovation and sustainability in regulated markets worldwide. This move could set the stage for further growth, ensuring that DigiPlus remains a dominant force in the global gaming industry.