By SectorWire desk ·
DigiPlus announced Teneo's appointment as strategic adviser in a Monday statement, as the company considers further overseas expansion. DigiPlus provides online gambling services in the Philippines and holds licences for South Africa and Brazil.
DigiPlus appointed Teneo as strategic adviser while considering further overseas expansion and holding South African and Brazilian licences.
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Teneo will advise DigiPlus on overseas opportunities and risks as it considers New Zealand entry.
DigiPlus’s appointment of Teneo gives investors a concrete step supporting the company’s global growth ambitions.
DigiPlus expects no material group impact from Brazil's prohibition despite resuming Brazilian operations less than three months earlier.
DigiPlus is monitoring Brazilian developments linked by the report to a presidential online gambling ban.
The agreement gives the licensed operator a 3% revenue share, while its technology partner receives 97%, subject to deductions.
DigiPlus reported improved profitability despite lower gross gaming revenue.