Gaming firm DigiPlus Interactive Corp. will soon start operating sports betting and online games in Brazil.
The company said its wholly-owned DigiPlus Brazil Interactive Ltda. was granted definitive authority to operate sports betting and other online games in the largest country in South America.
“Brazil’s dynamic gaming landscape presents a pivotal milestone in DigiPlus’ global journey. 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 iGaming sector,” said DigiPlus chairman Eusebio Tanco.
According to DigiPlus, only 10 percent of the total applicants received definitive authority from the Secretariat of Awards and Bets.
DigiPlus said it would offer online sports betting and other iGaming services in Brazil, a country with more than 200 million people and a strong interest in sports betting. This is seen as a major growth opportunity for DigiPlus.
It said Brazil has a strong potential as one of the fastest-growing gaming markets in Latin America, given its high population rate and internet penetration of 87 percent.
DigiPlus said its Brazilian unit filed an application for Licença Para Loterias De Apostas De Quota Fixa in August last year, 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.
DigiPlus Brazil passed the qualification stage for a federal license with Brazil’s Ministry of Finance’s Secretariat of Awards and Bets (SPA) in November.
DigiPlus earlier reported that it would spend P660 million to pay for the license fees, minimum capitalization, financial reserves and other operational expenses as part of the post-qualification process of the SPA.
Aside from Brazil, DigiPlus is also looking to expand in other international markets with strong regulatory frameworks.
