DigiPlus Pursues South African Licenses to Expand Global Footprint Amid Philippine Regulatory Challenges

DigiPlus Interactive Corp. (PLUS), the gaming and leisure firm behind the BingoPlus platform, has initiated efforts to broaden its global presence by applying for multiple gaming licenses in South Africa. The company filed applications for a national manufacturer license, a bookmaker license, and a bookmaker premises license with the Western Cape Gambling and Racing Board (WCGRB), the provincial authority overseeing gaming and betting activities.

The firm considers South Africa a favorable jurisdiction for international operators due to its transparent regulatory environment and digital infrastructure readiness. DigiPlus Chairman Eusebio H. Tanco emphasized the significance of this move, stating, "The filing of our online gaming license in South Africa marks another milestone in DigiPlus’ global growth journey, as we bring our proven track record of innovation, responsible gaming, and player protection, together with our strength in localizing games for diverse markets, to one of Africa’s most dynamic economies."

This expansion effort follows the recent launch of the GamePlus platform in Brazil on September 22, which offers users access to more than 150 free-to-play and real-money games.

Industry analysts view the South African license applications as a strategic next step for DigiPlus amid increased regulatory constraints on online gaming in the Philippines. Alfred Benjamin R. Garcia, Research Head at AP Securities, indicated that the move addresses the company’s need to diversify its revenue streams. In a message, he remarked, "There’s an urgency for PLUS to diversify its revenue stream as the Philippines tightens its rule on online gambling, and we feel this is the right time for PLUS to explore other markets."

Juan Paolo E. Colet, Managing Director at China Bank Capital Corp., highlighted the importance of this geographic diversification to mitigate country-specific risks and boost growth potential. He said, "It makes sense to spread their chips across different jurisdictions so that they’re not overexposed to country-specific regulatory risk. The entry into new markets is expected to enhance overall revenues." Colet also noted that DigiPlus’ careful market selection and disciplined expansion plans continue to inspire investor confidence.

On the stock market, shares of DigiPlus declined by 2.03%, dropping 50 centavos to close at P24.10 each on Wednesday.