Manila, Philippines – DigiPlus Interactive, a Philippine-based digital leisure and entertainment hub, is marking its expansion to Brazil following the country’s approval of the firm’s subsidiary DigiPlus Interactive Ltda. a definitive authority to operate sports betting and other online games.
According to a recent stock disclosure statement, DigiPlus’ Board of Directors approved the initial funding of PHP660m to pay for the license fees, minimum capitalization, financial reserves, and other operational expenses as part of the post-qualification process of the Ministry of Finance’s Secretariat of Awards and Bets (SPA). This initial funding is intended for a three-month horizon.
DigiPlus first filed an application for Licença Para Loterias De Apostas De Quota Fixa in Brazil in August 2024, which is a federal license that allows the operations of land-based and online sports betting, electronic games, live game studios, and other fixed-odds betting activities in Brazil.
On 21 November 2024, DigiPlus Brazil has passed the qualification stage for a federal license with Brazil’s Ministry of Finance’s Secretariat of Awards and Bets (SPA). DigiPlus has 30 days to fulfill post-qualification regulatory requirements, including license fee payments.
After completion of the post-qualification requirements, SPA shall release the final list of operators authorised to operate from January 1, 2025 onwards. It would enable the corporation to operate online sports betting and other iGaming offerings in Brazil.
DigiPlus Interactive operates the digital bingo platform BingoPlus, sports betting platform Arena Plus, and carnival-inspired betting Perya Games. It was first established in 2022 following the launch of BingoPlus.
