By The Weekly Edge desk ·
DigiPlus said it was monitoring developments in Brazil, Inside Asian Gaming reported on 28 September. The outlet linked the response to what it described as a presidential ban on online gambling.
DigiPlus is monitoring Brazilian developments linked by the report to a presidential online gambling ban.
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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 expects no material group impact from Brazil's prohibition despite resuming Brazilian operations less than three months earlier.
The agreement gives the licensed operator a 3% revenue share, while its technology partner receives 97%, subject to deductions.
The assessment links DigiPlus’s earnings shortfall to weaker-than-expected gaming revenue.