DigiPlus eyes Brazil relaunch by end of June
DigiPlus Interactive
DigiPlus Interactive Corp. is ramping up its overseas expansion as it targets the relaunch of its Brazil platform before the end of the second quarter while preparing for a possible South Africa debut by 2027.
Speaking at the Philippine Stock Exchange’s investor day 2026, DigiPlus president Andy Tsui said the company was now in the “final stage” of preparations for the relaunch of BingoPlus Brazil. This forms part of the firm’s long-term diversification strategy beyond the Philippine market.
READ: DigiPlus pauses Brazil game ops, gears up for 2026 launch
“We do expect that we will relaunch the Brazil platform before the end of the second quarter,” Tsui said.
He said the company was focused on building operational readiness, forming local partnerships and meeting regulatory requirements in Brazil.
DigiPlus said its South Africa expansion remained in the early stages, with the company still forming a local team and conducting product research.
READ: DigiPlus gets South Africa licenses for expansion push
The company expects the South Africa platform to launch by the second or third quarter of 2027.
Tsui said DigiPlus was using a “light asset model” for its overseas expansion, noting that the company had so far invested about $11 million in Brazil for license fees and working capital.
“We don’t expect that there will be significant capital requirement,” he said, adding that DigiPlus would mainly leverage its existing platform while making modifications to comply with local regulations.
The overseas push comes as DigiPlus navigates softer domestic demand and disruptions caused by the delinking of e-wallets from online gaming platforms.
The company said the e-wallet changes reduced accessibility and created friction in customer transactions, resulting in weaker player activity.
Management said elevated fuel prices and inflationary pressures also weighed on discretionary spending during the first quarter.
While revenues stabilized quarter-on-quarter, DigiPlus said the business had yet to fully recover.
“We’re not yet there in the full recovery phase,” chief financial officer Wilfredo Pielago said.
Still, DigiPlus expects a gradual recovery over the course of 2026 as alternative payment channels are rolled out and user activity improves.
The company added that user migration continued to improve, with conversion reaching 58 percent by end-March from 53 percent in December.
DigiPlus also said it was shifting greater focus toward “high-value user groups,” which management said accounted for roughly 80 percent of revenues out of about 20 percent of its user base.
Meanwhile, the company expressed support for tighter regulations imposed by the Philippine Amusement and Gaming Corp., including limits on promotional credits and rebates.
DigiPlus said the stricter rules could level the playing field and potentially lead to industry consolidation over the long term.
The company also disclosed that discussions on the possible relinking of online gaming apps to e-wallets were ongoing through a technical working group formed by the Senate Committee on Games and Amusement.
Management said it was hopeful a resolution could be reached within the next three to six months.
DigiPlus maintained that it had enough financial flexibility to fund its expansion plans, ending the period with about P20 billion in cash and cash equivalents against total debt of roughly P746 million. INQ
