By SectorWire desk · · Updated
DigiPlus Interactive said Brazil's recently announced prohibition of online gaming and sports wagering was unlikely to materially affect the group. The operator gave that assessment less than three months after resuming operations in Brazil.
DigiPlus expects no material group impact from Brazil's prohibition despite resuming Brazilian operations less than three months earlier.
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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.
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 appointed Teneo as strategic adviser while considering further overseas expansion and holding South African and Brazilian licences.
DigiPlus reported improved profitability despite lower gross gaming revenue.