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Richmond Mercurio - The Philippine Star
February 17, 2025 | 12:00am
DigiPlus vice president for investor relations Celeste Jovenir said this year’s capex budget includes the initial spending for the company’s maiden international foray.
Businessworld / File
MANILA, Philippines — Digital entertainment company DigiPlus Interactive Corp. is looking to spend between P2.5 billion and P3 billion in capital expenditures this year as it pursues growth opportunities both here and abroad.
DigiPlus vice president for investor relations Celeste Jovenir said this year’s capex budget includes the initial spending for the company’s maiden international foray.
The company has set aside P660 million to pay for gaming license fees in Brazil, minimum capitalization, financial reserves and other operational expenses.
Jovenir said the company’s 2025 capex also includes maintenance capex, IT infrastructure upgrade as well as facilities renovation.
She said the amount “is already funded.”
DigiPlus, the company behind digital entertainment platforms BingoPlus, ArenaPlus and GameZone, is currently scouting for a strategic partner for its Brazil venture to provide expertise in the local market.
Its subsidiary DigiPlus Brazil Interactive Ltda. has been granted definitive authority by the Brazil government to operate sports betting and other online games in the South American country.
Brazil represents a significant growth opportunity for DigiPlus with a population exceeding 200 million and great enthusiasm for sports betting.
The company expects to start its operation in Brazil by the fourth quarter.
In the Philippines, DigiPlus continues to attract more players, doubling its registered users last year.
