DigiPlus Interactive Corp., a digital entertainment company, clarified that its capital expenditure allocation of up to PHP3 billion ($52 million) for 2025—intended for expansion plans—does not include funding for potential new investments in other markets at this stage.
The clarification was issued on the Philippine Stock Exchange on Monday.
Previously, DigiPlus disclosed plans to allocate between PHP2.5 billion ($43 million) and PHP3 billion ($52 million) to support both its domestic and international growth initiatives in the short-term.
The company highlighted that a portion of the budget would be dedicated to its expansion into Brazil, where operations are expected to begin in the fourth quarter of 2025.
DigiPlus’ subsidiary, DigiPlus Brazil Interactive Ltda., recently obtained a gaming license from the Brazilian Ministry of Finance’s Secretariat of Awards and Bets. This license permits DigiPlus to operate land-based and online sports betting, electronic games, live game studios, and other fixed-odds betting activities.
As reported by AGB, DigiPlus anticipates launching its Brazilian gaming operations with sports betting. Meanwhile, DigiPlus has already allocated PHP660 million ($11.4 million) to cover initial costs, including license fees, capitalization, financial reserves, and other operational expenses for the first three months of its operations in Brazil.
