DigiPlus Interactive Corp. eyes capital expenditures of P2.5 billion to P3 billion this year.
Celeste Jovenir, DigiPlus vice president for investor relations, said in a statement on February 14 the amount covers the initial spending for the Brazil venture that the company is firming up in time for a fourth quarter operation.
“Aside from the P660 million for initial investment in Brazil, (the amount) includes maintenance capex … IT (information technology (infrastructure upgrade, facilities renovation. This is already funded,” Jovenir said.
Unicapital Securities in an investors note on February 13 said DigiPlus continues to enjoy an upside in its domestic operation, given its expanding monthly active betting users.
“Looking ahead, DigiPlus has an additional long-term catalyst in 2026 with its planned entry into Brazil’s online betting market in 4Q25. If successfully executed, this expansion could provide DigiPlus’ new revenue streams,” it said.
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Last month, the company secured one of the licenses to operate a sports betting and online games up for grabs in Brazil through unit DigiPlus Brazil Interactive Ltda.
The license, of which only 10 percent of those which applied were awarded with, allows DigiPlus to operate land-based and online sports betting, electronic games, live game studios and other fixed-odds betting activities in Brazil.
