Tag: sports betting

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.

Singapore – Digital media company Limelight Networks has unveiled a new enhancement for its streaming service Limelight Realtime Streaming – providing sub-second latency for time-sensitive video applications that enable live interaction with viewers.

In a press statement, Limelight Networks said Realtime Streaming is part of the widest range of low latency online streaming solutions in the industry that solve the perpetual challenge of delays in event broadcasts. In addition, Realtime Streaming mobile and HTML software development kits (SDKs) can also provide easy integration of interactive live applications with Limelight’s global private network.

Limelight Networks said the improved platform allows live video applications in areas such as:

  • Live sports—In-event betting allowing fans to bet on in-game outcomes while the game is being played.
  • Live auctions—Remote bidders can participate through a livestream and have a “just like being there” experience along with those on-site.
  • Online gaming—Online casinos can allow all players to instantly see table action and to place bets more quickly, increasing the number of hands that can be played each hour.

“As online video has quickly grown in popularity, performance expectations have increased and new technologies, such as Limelight Realtime Streaming, enable innovative new ways to engage audiences. Now live events are truly live with the lowest possible latency, and it’s possible to create interactive experiences that were never before possible,” stated Nigel Burmeister, vice president at Limelight Networks.