With only 10 percent of applicants receiving approval, this federal license positions DigiPlus among a select group poised to capitalize on Brazil’s lucrative iGaming market.
The license covers operations for land-based and online sports betting, electronic games, and live game studios starting Jan. 1, 2025.
DigiPlus has already allocated P660 million to fulfill regulatory requirements, ensuring readiness for this expansion.
Brazil, with its massive population of over 200 million, presents a pivotal opportunity for DigiPlus to sustain its impressive growth streak.
This comes after chair Eusebio Tanco cautioned that the company’s explosive 314 percent profit surge to P8.75 billion this year could taper off.
