DigiPlus Allocates Up to PHP3 Billion for Philippine Operations and Initial Brazil Investment
DigiPlus Interactive Corp, a Philippines-listed gaming firm and recent recipient of a Brazilian sports betting and online gaming license, has clarified its capital spending plans for 2025. In a regulatory filing on Monday, the company confirmed that its PHP3 billion (US$51.7 million) budget is primarily allocated for maintaining its existing Philippine operations, with a portion set aside for short-term investment in Brazil.
Capital Allocation Breakdown
DigiPlus stated that between PHP2.5 billion and PHP3 billion will be directed toward maintenance capital expenditures in the Philippines, including IT infrastructure upgrades and facility renovations. The budget also covers the company’s initial entry into the Brazilian market, where it aims to commence operations in the fourth quarter.
“We wish to clarify that the amount of PHP2.5 billion to PHP3 billion is allocated for maintenance capital expenditures in the Philippines and to fund the investment in Brazil in the short-term,” the company stated.
It also emphasized that this budget does not include potential new investments.
Brazil Expansion Plans
DigiPlus vice president for investor relations, Celeste Jovenir, elaborated on the company’s plans, noting that PHP660 million has been allocated as an initial investment in Brazil.
She added that while this amount is already funded, the company is still determining the total capital required for the venture, as it continues to finalize operational plans and build its team in the country.
Two weeks ago, DigiPlus announced that it was actively seeking a strategic partner with gaming expertise to support its expansion in Brazil.
Strengthening the Core Business
While DigiPlus expands internationally, its domestic operations remain a key focus. The company currently operates a bingo business and a digital sportsbook platform in the Philippines.
In January, it reported doubling its number of registered users to over 40 million in 2023, signaling strong growth in its home market.