DigiPlus eyes sports betting in Brazil, secures license, forms local team
DIGIPLUS Interactive Corp. is considering partnering with a local company in Brazil to support its expansion.
Chairman Eusebio H. Tanco emphasized the importance of a strategic partnership rather than financial investment, stating that they are currently exploring options.
DigiPlus plans to start operations in Brazil with sports betting, potentially launching by the end of the year, focusing initially on football.
The company has engaged a local Brazilian investment bank to find potential partners and has already formed a team of ten people since last year.
Last month, DigiPlus's subsidiary secured a gaming license from the Brazilian Ministry of Finance, allowing it to conduct various betting activities in Brazil.
DigiPlus has allocated P660 million for licensing fees and operational expenses as part of its initial investment in the Brazilian market.
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