DigiPlus plans South African expansion for digital sports betting

DigiPlus Interactive Corp., an online gambling company behind BingoPlus ArenaPlus and GameZone, plans to expand into South Africa following its recent launch in Brazil.

The expansion aims to tap into South Africa's mature and rapidly growing digital sports betting market, which is valued at $1.6 billion in 2023-2024 and projected to grow by up to 5% annually.

DigiPlus Chairman Eusebio Tanco announced the company's next phase of international growth strategy during its annual stockholders meeting in Taguig City.

The company is preparing to apply for licenses with the Western Cape Gambling and Racing Board (WCGRB) and will seek three main licenses: a National Manufacturer License, Bookmaker License, and Bookmaker Premises License, along with key employee licenses.

Tanco emphasized DigiPlus's commitment to responsible innovation, compliance with local regulations, and creating culturally relevant products for each market as the company establishes a local legal entity in South Africa.

The licensing process is expected to take about six months and involves intensive probity checks for both the company and its ultimate beneficial owners (UBOs).