By SectorWire desk ·
The report said that Maybank attributed DigiPlus’s weaker-than-expected second-quarter earnings to lower gaming revenue than anticipated. Core net income reached PHP2.35bn, increasing 8% from the previous quarter.
The assessment links DigiPlus’s earnings shortfall to weaker-than-expected gaming revenue.
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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.
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.