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DigiPlus eyes ‘bigger user base’ post 2024 boom and Brazil entry

Ansh Pandey January 24, 2025
DigiPlus eyes ‘bigger user base’ post 2024 boom and Brazil entry

Philippine-registered DigiPlus, a prominent platform offering gaming services such as bingo and a digital sportsbook, has a significant surgein its active user base. By the close of December 2024, the company announced that active users had nearly doubled, reaching 40 million, with the upward trend continuing.

As per an official briefing by the company, the chairman Eusebio Tanco attributed this growth to recent regulatory changes by Manila. The Philippine Amusement and Gaming Corporation (PAGCOR) reduced the fee imposed on electronic gaming operators to 30 percent of gross gaming revenue, a move anticipated to further bolster the company’s expansion.

Notable rise in revenues 

In terms of financial performance, DigiPlus also reported a net income of ₱1 billion (€16.6 million) for the fiscal year 2024. This represented a substantial increase from the previous year’s earnings. The company’s revenue also saw a notable rise, reaching ₱5 billion (€83 million), driven by the expanding user base and enhanced gaming offerings.

In addition, the chairman, referring to the domestic market, also observed that the company has been proactive in introducing new games, including Perya Game, Color Game, and Pinoy Drop Ball, as part of its strategy to attract a broader audience. The company has also intensified its marketing and branding efforts, extending its reach across various regions in the Philippines, which has contributed to the growth in registered users.

Looking ahead, DigiPlus is setting its sights on international expansion. As per Mr. Tanco, the company has secured a federal gaming licence in Brazil, enabling it to operate land-based and online sports betting, electronic games, live game studios, and other fixed-odds betting activities.
Though, this development was already disclosed in a filing with the Philippine Stock Exchange on 3 January 2025.

Brazil expansion could shift the fortune

On 21 November 2024, DigiPlus Brazil Interactive Ltd. completed the qualification stage for the licence through Brazil’s Ministry of Finance’s Secretariat of Awards and Bets. The company was allotted 30 days to fulfil post-qualification regulatory requirements, including licence fee payments.

The Secretariat published the final list of approved operators, permitting DigiPlus to launch online sports betting and iGaming services in Brazil. This international venture is expected to open new revenue streams, add a new user base and further solidify the company’s position in the global gaming market.

With its expanding user base, favourable regulatory environment, and strategic international initiatives, DigiPlus appears well-positioned to strengthen its role in the gaming industry, both domestically and internationally. 

However, the company remains cautious, acknowledging that while growth is expected to continue, it may not sustain the rapid pace observed in recent years.

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