Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

DigiPlus set for expansion as it bags Brazil gaming license

by
January 2, 2025
in Top News
0
DigiPlus set for expansion as it bags Brazil gaming license
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter
DIGIPLUS.COM.PH

DIGIPLUS Interactive Corp. is geared for expansion after securing a gaming license in Brazil.

Its unit DigiPlus Brazil Interactive Ltda. received the definitive authority to operate sports betting and other online games from the Brazilian Ministry of Finance’s Secretariat of Awards and Bets, DigiPlus said in a stock exchange filing on Thursday.

The company said only 10% of applicants got the approval from the Brazilian agency.

“Brazil’s dynamic gaming landscape presents a pivotal milestone in DigiPlus’ global journey,” DigiPlus Chairman Eusebio H. Tanco said in a separate statement. “We are bringing not just our innovative platforms and diverse gaming portfolio but also our unwavering commitment to responsible gaming.”

“By combining our proven platforms with localized insights, we are confident in our ability to resonate with Brazilian players and contribute to the country’s thriving i-gaming sector,” he added.

The company earlier cited Brazil’s population of over 200 million and its potential as one of the fastest-growing gaming markets in Latin America as reasons for the expansion.

DigiPlus passed the qualification stage for the federal license on Nov. 21 after filing the application in August.

The license allows the operations of land-based and online sports betting, electronic games, live game studios and other fixed-odds betting activities in Brazil.

The DigiPlus board also approved an initial P660 million to fund the license fees, minimum capitalization, financial reserves and other operational expenses as part of the Brazilian government’s post-qualification process.

For the first nine months of 2024, DigiPlus net income more than quadrupled to P8.75 billion from a year earlier, led by retail games, new product offerings and cost efficiencies. Revenue more than tripled to P51.56 billion.

The company operates products such as BingoPlus, ArenaPlus, PeryaGame, Tongits+ and GameZone.

DigiPlus shares fell 0.18% or five centavos to P27.10 each. — Revin Mikhael D. Ochave

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
MTRCB sets new record for materials reviewed

MTRCB sets new record for materials reviewed

Recommended

Kiwi Crew Announces Partnership with MegaReach Digital to Expand into Australian Market

Kiwi Crew Announces Partnership with MegaReach Digital to Expand into Australian Market

October 10, 2024
Unveiling the Champions of Wildlife Conservation: Introducing the 2024 NBN Awards Finalists for Wildlife Recording

Unveiling the Champions of Wildlife Conservation: Introducing the 2024 NBN Awards Finalists for Wildlife Recording

September 25, 2024
Game District Strengthens Global Presence with Gleam Games Purchase

Game District Strengthens Global Presence with Gleam Games Purchase

November 20, 2024
El Niño crop damage within acceptable parameters — DA

El Niño crop damage within acceptable parameters — DA

August 5, 2024
Here’s Why The Bottom Is Dropping Out of the Dow Jones

Here’s Why The Bottom Is Dropping Out of the Dow Jones

January 12, 2025
Boab Metals: Advancing Toward Near-Term Lead, Silver Production in Western Australia

Boab Metals: Advancing Toward Near-Term Lead, Silver Production in Western Australia

January 15, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved