Good morning. A sweeping ban, but a limited financial impact expected. DigiPlus says Brazil’s online betting prohibition is unlikely to materially affect its overall financial or operating position, with customer withdrawals and the return of player funds taking priority as legal and legislative proceedings continue. Meanwhile, Century Entertainment says it learned of Philippine partner WPT’s lost accreditations in April, citing other accredited providers as the basis for continued operations. In Macau, visitor arrivals climbed 19.5 percent to 415,000 over the three-day Mid-Autumn holiday, ahead of October Golden Week.
What you need to know
- DigiPlus expects no material impact from Brazil’s online betting ban, saying it will prioritize customer withdrawals and the return of player funds.
- Century Entertainment says it learned in April that partner WPT lost its PAGCOR licenses, but insists other accredited partners keep it operating.
- Macau welcomed 415,000 visitors over the Mid-Autumn holiday, up 19.5 percent, ahead of the upcoming October Golden Week break.
On the radar
- MGM faces near-term weakness as Japan value remains unrecognized: Seaport.
- Maybank cuts Bloomberry EBITDA forecasts despite signs of stabilization.
- Star Sydney license remains suspended amid unresolved governance concerns.
AGB Intelligence
ONLINE GAMBLING
DigiPlus expects no material impact from Brazil online betting ban
DigiPlus says Brazil’s online betting ban is not expected to materially affect its overall financial or operating position. The company is focusing on processing customer withdrawals and returning player funds within the government’s timetable. Players have until October 5th to withdraw balances voluntarily, ahead of betting websites and apps going offline from October 6th. DigiPlus described the situation as ‘fluid’ and ‘not final,’ citing continuing legislative and legal processes, and said it would provide further updates as appropriate.
Industry Updates
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- Aristocrat Gaming earns triple recognition at Global Gaming Awards.
- eCOGRA joins BMM as Visualize advances testing and compliance strategy.
Corporate Spotlight
How speed and localization strengthen market advantage: GR8_TECH
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