DIGIPLUS Interactive Corp. said Monday that Brazil’s latest regulatory crackdown on betting was not expected to have a material impact on operations or finances as it moves to comply with the government directive.
The company said it was closely monitoring developments in Brazil, where the government recently issued a measure prohibiting the operation, offering, intermediation and advertising of fixed-odds betting, including online games.
“Based on our assessment, these developments are not expected to have a material impact on DigiPlus’ overall financial or operating position,” DigiPlus said in a disclosure.
DigiPlus said its immediate priority was to ensure an orderly response, including the timely processing of customer withdrawals and the return of customer funds within the prescribed period.
Brazilian authorities have set a transition period for existing betting operators following the Sept. 25 issuance of the measure. Under the government timetable, betting websites and applications are to go offline from Oct. 6, while operators must report remaining customer balances to financial institutions before refunds are processed.
DigiPlus entered the Brazilian market through its wholly owned subsidiary DigiPlus Brazil Interactive Ltda., which secured federal authorization to operate fixed-odds betting activities in the country. The company launched its GamePlus platform in September 2025 and later paused the platform as it prepared for a relaunch.
In July, DigiPlus said it was already operating its BingoPlus brand in Brazil as part of its international expansion.
The company said the situation in Brazil remained fluid and that relevant legislative and legal processes were continuing to evolve.
“We will continue to monitor the relevant legislative and legal processes and provide further updates as appropriate,” DigiPlus said.
Shares of the company on Monday plunged P0.55, or 6.47 percent, to close at P7.95 each amid a 0.64-percent drop for the benchmark Philippine Stock Exchange index.
