DigiPlus Interactive is the largest listed digital gaming company in the Philippines, trading on the Philippine Stock Exchange under the ticker PLUS. It reported revenue of 27.3 billion pesos and net income of 4.1 billion pesos for 2023. It was granted the country's first Online Traditional Bingo licence by PAGCOR and launched BingoPlus in January 2022, a live-streamed digital bingo platform tied to a network of more than 130 physical bingo halls. ArenaPlus is its sportsbook, streaming domestic and international events including the Philippine Basketball Association. The company's growth has coincided with the Philippine government winding down the POGO offshore sector, and it represents the opposite bet: a domestically licensed operator serving Filipino players rather than an offshore one serving foreign markets.
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Entain, Flutter, Allwyn, Better Collective, Acroud and DigiPlus have all told investors what Brazil's ban on fixed-odds betting means for them. For the big operators it is a trim to guidance; for Better Collective, whose shares traded a quarter lower on Monday, it removes about 12% of expected revenue.
PAGCOR's chairman wants the online market written into statute before his term ends, so that it "will not easily be scrapped". A Hong Kong-listed newcomer has meanwhile shown how much of that market still rests on the regulator's accreditations, and how quickly they can go.
The ratings agency expects the operator to hold 40% to 50% of legal online gaming for two years, with the second player at 15% to 20%. It also says the risk of regulatory intervention is "higher in the Philippines than other jurisdictions", cites the e-wallet delinking that cut DigiPlus revenue 23% in a quarter, and flags Senate bills that could ban the product outright. The central bank added a new one today.
DigiPlus Interactive Corp, a major publicly listed gaming and technology company based in the Philippines, has set its sights on Africa, submitting
A recent regulatory crackdown on payment channels in the Philippines is already having unintended consequences, with gambling operators reportedly migrating